The first company to challenge India’s Ratan Tata and his $2,500 Nano minicar will be the Renault – Nissan Alliance that announced today the formation of a joint-venture company with Indian carmaker “Bajaj Auto” to develop, produce and market a new budget-mobile with prices starting from 2500 USD or 1.620 EUR with the current exchange rates.According to a common press release by the involved parties, the new joint-venture company will be 50% owned by Bajaj Auto, 25% by Renault and 25% by Nissan. The $2,500 car, code-named ULC, will be produced at an all-new plant to be constructed in Chakan (Maharashtra state) in
