Nissan Studying Possibility Of Launching $3,000-class Car In India

Pericles · June 20, 2007

Nissan studying possibility of launching $3,000-class car in India

YOKOHAMA, June 20 (AP) - (Kyodo)— Nissan Motor Co. President Carlos Ghosn said Wednesday that the Japanese automaker is studying the possibility of launching a $3,000-class car in the fast-growing Indian auto market.
Nissan is exploring the possibility with alliance partner Renault SA and a local partner in India, Ghosn said, but added that the Japanese automaker has no specific date for the envisioned launch, even if it decides to do so.

"We are investigating whether it is possible...and whether we can make profit out of it," Ghosn told reporters in Yokohama after the automaker's general shareholders meeting.

http://www.breitbart.com/article.php?id=D8...;show_article=1

Inevitable, I suppose. Renault already has an alliance with Mahendra, and the Renault-Mahendra (or is it Mahendra-Renault?) Logan is already available in India.

Not sure if this is good news or bad news...