Which companies have recently entered into an agreement to come up jointly with a low cost car by 2012?
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Mahindra-Renault
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Bajaj-Nissan
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Maruti-Suzuki
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Maruti-Renault
B
Correct answer
Explanation
Bajaj Auto and Nissan formed a joint venture in 2008 to develop a low-cost car (codenamed ULC) targeting the Indian market with a 2012 launch timeline. The project aimed to compete with Tata Nano by offering an affordable vehicle. Mahindra-Renault existed but for different vehicles, while Maruti-Suzuki is a long-standing joint partnership from the 1980s, and Maruti-Renault was not a real partnership.