Japanese carmaker Nissan on Tuesday said it is in talks with Hinduja flagship company Ashok Leyland for developing a small car for the global market that could be priced around $4500-5000.
The company, which is also a partner in the development of an ultra low cost car with Bajaj Auto and Renault, said the project is yet to find a solution to produce such a cheap car.
"We have a formal agreement with Ashok Leyland for making light commercial vehicles in India...in addition to that we also use Ashok Leyland's engineering services for various purposes. At the moment we are talking to them and many other partners in China, Indonesia...for a price centric vehicle," Nissan Motor Co executive vice president Collin Dodge said at the Geneva Motor Show.
He said the global small car is aimed at tapping the price bracket of $4,500-5,000, which is set to grow substantially and account for around "20 per cent of the total global car sales in due course of time".
"There may be an opportunity with Ashok Leyland on a price-centric car," Dodge added.
He said none of the big global car makers like Volkswagen, General Motors or Ford could produce a small car at such a cheap price without partnering with local firms already engaged in low-cost production.
