Renault-Nissan new car delayed in arrival to market

Renault Nissan has again decided to come in Indian markets. It has come to the notice that the car will come in very less prices compared to other cars in its segment. The new car project will be made available with a co-ordination in association with Bajaj Auto, the Indian Auto maker. This new project may get delayed in its ways and outcomes before coming to the market. This new ultra less priced Renault Nissan will come to the market with a brand name of Nissan Micra. The company has reduced the production of many models which are needed to be manufactured from the Chennai plant. Along with this the company has slowed down many projects going across all over the world including the major projects going on at Morocco, at their under-development factory. The production work is currently stoped but it is expected that the work is expected to keep on going as these plans gains momentum.
The new plan between Renault Nissan and Bajaj Alliance is a association costing around $2500, in this association the Indian company Bajaj Alliance is expecting to have a stake of 51 percent. All required RD and financial support will be provided by the Renault-Nissan. In case the results from the company sides comes favourable the production will start till by 2011.