Renault and Bajaj confirm preliminary deliberations
28 Jul 2007
Bajaj
Auto (Bajaj) and Renault (Renault) have confirmed that
they are in preliminary deliberations to jointly understand
customer requirements and business potential for "very
competitive vehicles" in India.
If an agreement between the two materializes, the talks
could lead to a long-term partnership between Renault
and Bajaj for the development of a small car project.
Two-wheeler
and three-wheel commercial vehicles maker Bajaj Auto
sold 2.7 million units and had revenues of Rs.10,070
crore in FY07.
The
€41.5 billion Renault group has an alliance with
Japan's Nissan and in India with Mahindra & Mahindra.