There has been latest buzz which is going around i.e. merge of Nissan-Renault-Bajaj ULC camp. This tripartite alliance will be soon sporting an The Ultra Low Cost(ULC) car developed for amazing price tag of INR 1.10 Lakh. Carlos Ghosn has made this statement publicly at Renault-Nissan’s Annual General Meeting on Friday, this made the audience stunned and here’s what he had to say.
“In India, Renault and Nissan are developing an ultra low cost vehicle with the Bajaj group, benefiting from its expertise in the light vehicles and the knowledge of the Indian market. We are aiming for a price of $2,500.”
There is no reason to disbelieve this remarkable piece of development. But, we are still struggling a bit to comprehend how this alliance of Bajaj-Renault-Nissan will manage to price the ULC at such a low end cost. As Tata Motors have clearly said that the second batch of the Tata Nanos will be costlier than the first ones citing raw material and production price hikes.
Getting in to further details, recently Rahul Bajaj, the Chairman of Bajaj Auto, stated that the shelving of the ULC project stating that the ULC doesn’t fit in Bajaj Auto’s overall scheme of things. Meanwhile, If the ULC can really be priced at the levels Carlos Ghosn which has been talked about, it will require a paradigm shift in the entire production techniques, a-la-Tata Nano.
