A 5 000-euro Renault model to be produced in India by 2014

Nathalie OSTERNAUD - 04/01/13

 

This vehicle, designed by Renault with its Japanese partner Nissan, should not be commercialized in Europe since the logistics costs are considered to be too high. The car is targeting emerging markets. After an initial phase of industrialization in the group’s Chennai plant, in India, the future 5 000-euro model may also be produced in South America.
But Renault’s move downscale does not stop there. Another project is already under review, in partnership with Nissan. The two manufacturers are currently working on a “ultra low cost” vehicle for the Indian market, whose price, set around 3 000 euros, is meant to compete with India’s cheapest car today, the Tata Nano.
Thus, Renault keeps expanding its market from the bottom in order to adapt to the bipolarization of the automobile market between downscale and upscale models.


Source: Latribune.fr ; Boursorama.com ; EconomieMatin.fr


 

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1. Posted on 22 janvier 2013 12:44:42, By Auth
that as per new CBDT rules,a salaried elpomyee whose total income is less than rs.5 lakh, need not submit his IT return. But then,1. How will the tax payable be determined ?2. If it is determined on the basis of TDS , won't the tax amount be lesser as the TDS rates are less ?
 
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Infrastructure, Transport and Industry (Industries and Cleantech) The Industries and Cleantech Department assists French companies in their international development strategy and promotes trade between France and India. In order to maximize commercial opportunities between French and Indian companies, the Department organises French Pavilions at a number of key exhibitions in India, as well as offering other B2B networking events and individual partnering services. The key focus of the department are the urban development (“100 smart cities”), the clean technologies (Renewables Energies, Energy efficiency…) and the industry (automotive, aeronautics, railways…). The Department provides expertise in : • Transportation (automotive, railway, aeronautics, naval, ITS) • Infrastructures (roads, airports, ports, etc.) • Energy  (Nuclear, Renewable Energy, T&D, O&G) • Cleantech (water and waste management)  &nbs

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