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Renault-Nissan CEO Carlos Ghosn has revealed that the Japanese half of the alliance is currently working on an ultra-cheap vehicle for the Indian market that will be priced as low as $3,000.

Ghosn believes there is significant demand for such a vehicle in India, and that one its rivals, Tata Motors, is near to completing an ultra-cheap model of its own.

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Nissan developing $3000 car for India

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