MUMBAI: Exuding confidence on the success of 'low-cost car' project with Bajaj, Renault president and chief executive officer Carlos Ghosn on Monday said the project would continue to advance in a favourable direction for both entities.
"I am confident that this project will continue to advance in a favourable direction for both Bajaj and Renault Nissan Alliance," Ghosn said while visiting Bajaj Auto's Chakan plant in Pune today.
Nissan Motors' Executive Vice President (Business Strategy & Product Planning) Carlos Tavares and Renault India's Managing Director Sylvain Bilaine also accompanied Ghosn.
Bajaj Auto's Managing Director Rajiv Bajaj and Ghosn earlier had a meeting in Paris where they agreed to take up the small car project.
Tata Motors has already embarked on such a project and expects to come out with a Rs 1-lakh car by the middle of the next year.
"After our discussions in Paris, I am here in Pune to further review the proposed alliance for the ultra low-cost car project with Bajaj. Visiting the plant and discussing the project with engineers is the only effective way to understand all the challenges we face," Ghosn said.
"To Renault and Nissan's world of formidable automotive experience, Bajaj aspires to add value through product innovation and competitive operations. Such an alliance would be promisingly placed to develop a unique platform of 'life' vehicles for an increasingly vulnerable world," Bajaj said.
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