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Bajaj says no truck deal with Renault

Mumbai, May 23, 2008

Bajaj Auto Limited, India's number two motorcycle maker, has not reached a decision on making light trucks with Renault, and is prepared to go it alone, managing director Rajiv Bajaj said.

'We haven't reached any conclusion with Renault on that,' Bajaj said.

'We are open to an alliance, and if Renault does not want to partner us, it will be a Bajaj project,' he said, adding that they were not in talks with other commercial vehicle makers for an alliance.

Pune-based Bajaj Auto has 50 per cent in a venture with Renault and partner Nissan Motor to make a $2,500 car from 2011, to take on Tata Motors' similarly priced Nano, which is scheduled to go on sale later this year.

'The car deal with Renault does not preclude us from doing a deal with someone else for commercial vehicles, but from our side if we do partner someone, it will be Renault,' he said.

Bajaj Auto, a unit of Bajaj Holdings and Investment Limited, also makes scooters and rickshaws. It plans to make light trucks in the sub-1 tonne to 3.5 tonnes category.




Tags: | Renault | Bajaj |

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