French automaker Renault will take on Tata Motors' Nano, currently billed as the world's cheapest car, with “an ultra low-cost” car designed by Renault and built by its partner in India, Bajaj Auto beginning in 2012, a year later than originally planned. “The cost of this car will be lower than any other car made today in India,” said Renault/Nissan CEO Carlos Ghosn at the World Economic Forum meeting in New Delhi, India, Tuesday.
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Renault Takes on Tata Nano, Competing on Price
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