BusinessLine reports as follows:
Mr. Ghosn, CEO of Nissan-Renault tells " We are investigating,at alliance level, how can we can make a $3000 car. We will be part of this competition".
Nissan-Renault is opening a factory in oragadam, west chennai, with the Government handing over the first parcel of about 1,100 acres of land to the officials.
Also, another news item in Business Line related to low cost car :
Bosch's marquee products like common rail direct injection systems (CDRi) and anti-lock braking system (ABS) would find their into new low cost passenger car models.
It is surprising that the TN government is not having any issues in acquiring such large plots of land while West Bengal Government keeps stumbling.