According to a recent report, Jeep is considering a new entry-level model for emerging markets such as India and Brazil.

Speaking to Motoring, Jeep's Adrian Van Campenhout said the Renegade is "ungodly expensive" in many emerging markets so there's room for a model to slot underneath it.

He declined to go into specifics but hinted the crossover could be based on either the Fiat Panda or a Brazilian platform. As he explained, "We have some really good folks down in Brazil that do some fantastic low-cost platforms."

There's no word on when the model could arrive but Van Campenhout said it would be a true Jeep and could eventually be offered in developed countries.

Gallery: Jeep considering an entry-level model to slot below the Renegade

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