Nissan and Renault are currently in alliance and share platforms together. In India Renault offers the Pulse, Scala and Duster models. These are re-badged and sold by Nissan in India as well and are called Micra, Sunny and Terrano models.
Japanese automobile giant, Mitsubishi was also in the lookout for a strategic alliance. They too had contacted French manufacturer, Renault to build small and midsize sedans. This partnership did not work out and the idea was scrapped for the moment.
Now Mitsubishi is in talks with fellow Japanese manufacturer for an alliance. They plan on working with Nissan to develop small as well as midsize sedans together. Mitsubishi is looking at entering new markets with interesting products.
Mitsubishi is planning on entering the Indian market once again with new small and midsize vehicles. They currently offer their Pajero Sports SUV model in India. They used to previously offer the Lancer and Cedia sedan, which was eventually discontinued in India, due to various issues.
The main reason for Mitsubishi to take Nissan's help is to lower their costs. A huge sum of money is needed to develop a vehicle from scratch. Nissan could help Mitsubishi by providing a platform, thus saving time and money. Their primary goal is to produce a successor to their Lancer model, which witnessed success in several markets.
So far Mitsubishi and Nissan have not confirmed their partnership. They are currently figuring out the best option for both automobile manufacturers. If both Japanese manufacturer come together they will commence work on a small and midsize sedan vehicle for their global markets.