The Renault group plans to build a new version of the successful Logan, but one a lot cheaper than the current, the company's Executive Manager, Carlos Ghosn, declared for Financial Times.

"The new Logan generation will be a lot more competitive", Ghosn said, adding that the car may cost between 2,000 and 4,000 euros, but failing to offer any other details.

Often referred to as a 5,000 euros car, the Logan arrived on the market at 7-10 thousand euros, for full-versions.

Logan is currently produced in Romania, Russia, Morocco and Columbia, with production starting this year in India, Iran and Brazil.