'Renault-Nissan car to be cheaper than Tata Nano'

New Delhi: Renault, Nissan Motor Co and their Indian partner will launch an ultra low-cost car in India in 2012 that will cost less than Tata Motor's Nano, the world's cheapest car.

Carlos Ghosn, chief executive of both the French and Japanese car makers, said on Tuesday an agreement has been signed with India's Bajaj Auto, building on a May 2008 plan for an ultra-low-cost car code-named ULC.

Image: Nissan Motor Co. Chief Executive Carlos Ghos

Text: Reuters

Image courtesy: AFP/AP/www.renault.com

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