Business Daily from THE HINDU group of publications
Friday, Jan 11, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Jan 11, 2008 ePaper | Mobile/PDA Version |
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Corporate
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Outlook Industry & Economy - Cars
Mr Sylvain Bilaine, Managing Director, Renault India, at the launch of ‘Twingo’ at the 9th Auto Expo in the Capital on Thursday. Our Bureau New Delhi, Jan. 10 Despite Bajaj Auto’s claim that the prototype of its small car will closely resemble the actual one when it is ready for launch and that Renault’s engagement in the project would primarily be on the technical and manufacturing aspects, the French automotive company said that the jointly developed product would be totally different. “What Bajaj has done is their desire and intention. They have been working on this since long. But after the feasibility talks get through, it will be a totally different car if we make it together,” said Mr Sylvain Bilaine, Managing Director, Renault India. Renault also said that it remained committed to India, despite Mahindra pulling out of the tripartite joint venture with Renault-Nissan. It stated that it would invest Rs 4,000 crore at its plant in Chennai that would produce 400,000 cars by 2010. Technical, design centresThe company also said that its technical centre in Chennai, which would employ 1,500 people, would be operational by July at an investment of Rs 50 crore. Currently, the company is in the process of setting up a design centre in Mumbai which is expected to be ready by the end of March. This would look into various aspects of styling, said Mr Bilaine. The company showcased its Twingo, a trendy small car and Laguna sedan as well as its Formula 1 car. However, the company does not intend to launch these in the domestic market. Bajaj unveils low-cost car on LITE platform Bajaj Auto moves ahead on 4-wheeler project Smart car at smart price, says Bajaj Auto Bajaj may showcase small car prototype at Auto Expo More Stories on : Outlook | Cars | Bajaj Auto Ltd
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