‘Indian small car would not rival Logan’
Ghosn said Nissan and Renault were looking closely at the feasibility of building a $3,000 car in India in a venture with tractor and utility vehicle maker Mahindra and Mahindra that would go head-to-head with Tata Motors Ltd.’s sub-$3,000 “People’s Car” due for launch next year.
Annual car sales in India are set to nearly double to 2 million by 2010, with small cars making up more than two-thirds of the market. Big emerging economies such as India, China and Russia are the new battleground for global auto makers as sales slow in fiercely competitive mature markets. More
Courtesy:www.indiacar.net
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