Nissan Motor Co. Ltd., formerly a part of Nissan Group, is a Japanese automaker having a multi-national presence. It is operating in India together with Renault, they are together known as Renault-Nissan. When the Tata Nano was introduced and met with success as well, Nissan started talks with Bajaj for developing a low-cost car as competitors to the Nano, which has been deemed as the cheapest car in the world. In this venture, Bajaj would be armed with 50% with Renault and Nissan Ultra equally distributing the remaining shares.
As per current plans, Bajaj will be manufacturing the car and the marketing off the vehicle would be taken care of by Nissan Ultra and Renault. Th...