Bajaj Auto & Renault confirm preliminary deliberations

Bajaj Auto Ltd has announced that the Company and Renault (Renault) are in preliminary to jointly understand customer requirements and business potential for "very competitive vehicles" in India.

If concluded favorably, this could lead to a long term partnership between Renault and the Company for the development of the business so conceived.

The Company is a manufacturer of 2-wheelers and commercial vehicles with sales of over 2.7 million units in FY07 - including exports of 442.000 units - representing revenues of $2.3 billion (10070 Crore rupees).

The Euro 41.5 billion Renault group designs, develops, manufactures and sells vehicles worldwide. Today, it produces cars and light commercial vehicles in 18 countries on five continents, selling vehicles under three brands Renault, Dacia and Samsung. Renault's international growth results from its Alliance with Nissan, strategic partnerships such as the one with Mahindra & Mahindra in India, and the creation of products focused on the different requirements of customers in all parts of the world.

Source : Equity Bulls

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