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Bajaj small car may cost Rs 1.1 lakh
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<img style="float:left; margin: 0px 10px 0px 0px ;" src="http://203.199.76.30/alfresco/d/d/workspace/SpacesStore/4b662350-68d2-11df-87ad-dbd55978be3e/Bajaj-Small-Car-Front.jpg"/>.Bajaj Small Car Back[Image: Bajaj-Small-Car-Back.jpg]

Bajaj Auto is aiming to price their new small car being developed in collaboration with Renault at around Rs. 1.10 lakhs

The two companies said that they are aiming to sell the base model at a price point of around USD 2500.

Renault President and CEO Carlos Ghosn spoke about their goal: "In India, Renault and Nissan are developing an ultra low cost vehicle with the Bajaj group, benefiting from its expertise in the light vehicles and the knowledge of the Indian market. We are aiming for a price of $2,500."

The car is currently scheduled to arrive in 2012.

This model is likely to become the first solid challenger to Tata Nano which is priced around the same for the base model.

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