Bajaj Auto and Renault-Nissan will be producing their much-talked-about low-cost car under an OEM arrangement and not a joint venture as was earlier believed. Following Bajaj Auto’s recent clarification that the companies did not intend to form a new corporate entity, a Renault-Nissan official confirmed that the partnership was always meant to be based on [...]

Two-wheeler company, Bajaj Auto, has reported a fourfold increase in its net profit in last quarter of financial year 2009-10. The company’s net profit rose from Rs 130.21 crore in the January-March quarter of 2009, to Rs 528.65 crore in the quarter ended March 31, 2010. The company’s better-than-expected performance can be attributed to the [...]

Renault-Nissan head Carlos Ghosn said last week that Nissan was committed to developing a low-cost, small car with Bajaj Auto by 2011, in spite of differences between the companies. Speaking on the sidelines of the India Economic Summit, Ghosn said that the affordability of the car was important not only for India but for emerging [...]

Two-wheeler company Bajaj Auto is targeting annual sales of 1 million units for both the Pulsar and the Discover in FY 2010-11. Bajaj Auto CEO (two-wheelers), Mr S Sridhar, told media persons that demand for the Discover had already reached 100,000 units a month and that the company was facing production constraints. He said Bajaj [...]

The joint venture between Bajaj Auto and Renault-Nissan to develop an ultra low-cost car has suffered yet another setback. The companies are now having differences over the branding of the car. While an MoU was drawn up by the two companies over an year ago, a formal Joint Venture agreement is yet to be signed. [...]

Bajaj Auto’s Ultra Low Cost (ULC) car project, conceived initially as a joint venture between Bajaj, Nissan and Renault, is still on track. While Bajaj was to hold 50 per cent equity in the project, Renault and Nissan were to hold 25 per cent each. A statement from Bajaj Auto said on Saturday that if [...]