Renault backs off ULC project

Though there were a number of contenders for being India’s cheapest car, Nano still retains its title as being the cheapest car in India. Bajaj Renault Nissan was in the running to bring out some stiff competition, but discrepancies between partners have stalled this venture.

Mr. Marc Nassif, MD of Renault India said that though  they were very keen on the project, Renault deterred from bringing out this cheap car in conjuncture with Bajaj Auto, due to the fact that it did not match up to the company standards. He went on to add that it was not the company’s policy to bring out a car which did not meet the specific and high standards of Renault.

However, Bajaj Auto who earlier had differences with Nissan, was confident of their design and though still in the initial stages, they were sure the car would be a success.

However, till then Nano will still retain its image as being number one small and cheap car in India.