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Car project with Renault-Nissan on track,says Bajaj Auto Ltd

The Bajaj Auto Ltd said on Saturday that the development of its car in partnership with Renault-Nissan was on track and project remains largely on schedule though in the course of development some specifications have been reviewed leading to adjustments in the overall schedule.

Written by Express News Service | Pune |
March 15, 2009 12:06:15 am

The Bajaj Auto Ltd said on Saturday that the development of its car in partnership with Renault-Nissan was on track and project remains largely on schedule though in the course of development some specifications have been reviewed leading to adjustments in the overall schedule.

A statement issued by the company said,it is moving ahead confidently and expeditiously to implement this project as close to the original schedule as possible.

“Bajaj is proceeding as before to implement this project and any financial or other constraints that Renault-Nissan may have no bearing on the ability of Bajaj to implement this project,” said the press note.Bajaj has primary responsibility for the design,development,manufacturing,and supply chain activities of this project. “The key issue that Bajaj has addressed,in consultation with Renault-Nissan,has been towards the purpose of ensuring that this car will,true to its originally intended brief,be positioned not on low price but on high fuel economy,” it said. A breakthrough in fuel economy has thus been achieved and will serve as a powerful competitive edge in differentiating this product from its potential competitors. Furthermore a car as fuel efficient as this is expected to redefine the benchmarks for exhaust emissions including CO2 which is of primary social concern in the context of global warming,said the release.

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