The new, compact, eco-friendly vehicle costs just $3,000 and it is able to reach an inspiring 70mpg.
It is worth mentioning that Bajaj Auto is the second-largest bike producer in India and the Renault-Nissan Alliance has been cooperating with the Indian company for about 2 years.
However, the only last week the companies signed a memorandum of understanding (a document that describes a bilateral agreement between companies).
The new vehicle is expected to hit the Indian auto market in 2011. Renault-Nissan and Bajaj hope to sell around 200,000 vehicles each year.