Hot News: Renault to Build Tata Nano Rival

Renault has signed an agreement with India’s Bajaj Auto to build a low-cost car.The Tata Nano rival is penciled in for launch in India in 2012, with similar pricing of around £1500.Code-named ULC, the design, sourcing and manufacturing for the project would be done by Bajaj and Renault would take care of marketing in India and overseas, Renault CEO Carlos Ghosn said."We intend to bring this