Business: Bajaj Auto attempts to build Next cheapest car in India

Bajaj Auto has taken up the challenge of making India's cheapest car. Now, its not just the Tata Group to build Rs 1 lakh car in India. Bajaj Auto Ltd and Renault-Nissan, the world's fourth largest car maker, will build a $2,500 (Rs 1 lakh) car in India, which will challenge Tata Motor's Nano as the country's cheapest car.
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