Renault/Nissan signs agreement with India's Bajaj

NEW DELHI, Nov 10 (Reuters) - Carlos Ghosn, chief executive of French car maker Renault (RENA.PA) and Japan's Nissan Motor Co (7201.T), said on Tuesday an agreement had been signed with India's Bajaj Auto (BAJA.BO) for a low-cost car which would come to India in 2012.

The design, manufacturing and sourcing for the car would be done by Bajaj, and Renault-Nissan will look after marketing in India and overseas, Ghosn told reporters at a media conference in New Delhi.

Bajaj and Renault-Nissan had announced the formation of a joint venture in May 2008, to develop, produce and market a car code-named ULC. (Reporting by Devidutta Triapthy and C.J. Kuncheria; Editing by John Mair)