Indian two-wheeler maker Bajaj Auto (BAJA.BO) said on Tuesday its partnership with Renault-Nissan alliance (RENA.PA) (7201.T) to make an ultra low-cost car was intact and the project was on schedule.
The company was responding to a media report that said it had scrapped the joint venture agreement with Renault for a supply agreement.
"The partnership is intact, and the project is on schedule," it said in a statement.
SOURCE:-
Bajaj Auto says tie-up with Renault-Nissan intact | Reuters
Bajaj mulls manufacturing deal with Renault-Nissan for ULC.



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