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Renault-Nissan has announced a joint venture with Indian firm Bajaj to produce a $2,500 (£1,276) car.
The vehicle, so far known only as Codename ULC, will cost about the same as Tata Motors' Nano - which it has claimed is the world's cheapest car.
India will be the ULC car's main market with 400,000 to be made each year in a factory in Chakan, Maharashtra state in the west of the country.
Bajaj is the second-biggest maker of motorbikes in the country.
Production is expected to begin in 2011. |
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