PARIS – Bajaj Auto Ltd. and the Renault Nissan Alliance likely will build a $3,000 car in India together, but no accord yet has been reached. Carlos Ghosn, CEO of Renault SA and Nissan Motor Co. Ltd., visited Bajaj’s Chakan plant this week as part of a trip to India to sign a light-commercial vehicle deal between Nissan and Ashok Leyland Ltd. However, the stamp of approval on the venture is not expected until late this year. “We couldn’t have an agreement without visiting the factory and ...

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