The term 'Frugal Engineering' was coined by Carlos Ghosn, current Chairman and Chief Executive Officer of Renault and also Chairman of the Renault-Nissan Alliance Board. It is the process of reducing the complexity and cost of goods or services without sacrificing quality, and also making it affordable to all. Frugal engineering will be of great relevance to developing countries, as a flexible approach that perceives resource constraints as a growth opportunity.+ READ MORE or ADD A COMMENT (5)
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