Renault is cheaper than the Nano car

Renault and Nissan in 2012 to a car on the market that can compete with the Indian Nano. The dirt-cheap Nano, which costs only 1500 euro, is a great success of the Indian manufacturer Tata Motors. It is the cheapest car in the world today and produced exclusively for the Indian market. In that same market to Renault and Nissan together now put an even cheaper car.

Carlos Ghosn, chief executive of both Renault and Nissan, announced the news this Tuesday at the World Economic Forum India. He says that it is possible to produce a car for almost alarmingly low cost. Lower than the Nano. Last year, Nissan and Renault already shared that she wanted to produce an ultra-cheap car in 2011, but was left with one years by awkward negotiations with partner Bajaj Auto in India.

The Indian market is currently very attractive for car manufacturers. Expected the market to triple in the coming years to six million cars sold per year. Therefore, many car manufacturers announced to produce cheap cars for this lucrative market. Tata Motors was the leader by the Nano car at very low cost simple on the market. They can expect the coming years competition from the established names.