ULC

Bajaj Auto, Renault-Nissan Alliance to Build Car Code- Named ULC

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Wholesale Price Range Starting From $2,500 US

PARIS / PUNE / TOKYO, May 12, 2008 – Mr. Rajiv Bajaj, Managing Director of Bajaj and Mr. Carlos Ghosn, President and CEO of Renault and President and CEO of Nissan, today announced they will form a joint-venture company to develop, produce and market the car code-named ULC with a wholesale price range starting from 2500 USD . The new joint-venture company will be 50% owned by Bajaj Auto, 25% by Renault and 25% by Nissan.

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