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New Delhi: A day after Carlos Ghosn, chairman and CEO of Renault, said that he’s not very sure whether the company’s ultra-low cost car, which is being developed in association with Bajaj Auto and Nissan, would cost $2,500 or may even touch $3,000, the company is keen on bringing the entire product line up into the country as it resumes its expansion plans.
“Renault will have much more products for India. There will be a full line up of products of Renault for India and we have not come to India to sell one specific car,”Ghosn said on the sidelines of the ongoing India Economic Summit.
Renault with its Japan-based partner Nissan is investing over Rs 4,000 crore in setting up a passenger car facility in Chennai with a total production capacity of 4 lakh units a year. The plant is expected to start production by 2010 for Nissan products. “Now, in view of estimates that the year will end with around 60 million units, up from around 55 million last year, we seem to have hit a plateau. So all plans of expansion can be resumed with a more solid understanding of the future,”he said.
Talking about the company’s association with Nissan in the Chennai plant, Ghosn said, “We have a common approach between the two companies (Renault and Nissan), where platforms are going to be shared, engines are going to be shared although designs are going to be different and even the markets are going to be completely different.”
“I am very optimistic about the growth of the market in India. When you move from 2 million cars a year to 6 million cars a year, this is very appealing to global carmakers,” he said.
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