News again on ULC (Ultra Low Cost Car) that is been build with the joint built with Bajaj-Nissan-Renault has started some light on the prototype of the car that will be completing by early 2011.

Due to joint partnership the project had delayed couple of times issues like engine development, design and others.

The ULC has finally reached an agreement between them the engine will be developed by Bajaj and branding & Marketing will be by Renault and Nissan.

It is said that the ULC will be cheaper than Tata Nano and it was also said by Mr. Rajiv Bajaj MD of Bajaj Auto that it will be an extreme value for money.

[Source: Link]

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