Renault and Nissan have announced a new long-term vision for India, increasing production and R&D activities, introducing electric vehicles, and transitioning to carbon-neutral manufacturing. Renault and Nissan are realigning their shareholding in their joint operations in India, with Renault Nissan Automotive India Private Ltd (RNAIPL) moving to ownership of 51% Nissan – 49% Renault and Nissan Technology Business Centre (RNTBCI) moving to 51% Renault -49% Nissan.
Six new models from Renault and Nissan in India will be built on common Alliance platforms, with four new C-segment SUVs and two new A-segment electric vehicles. These vehicles will build on the heritage and expertise of both brands in mass-market electrification, increasing exports from India, boosting plant utilisation to 80%, An initial investment of $600m USD/ ₹5300 crores INR is planned to support the new projects, which will create up to 2,000 additional new jobs and make the RNAIPL factory carbon-neutral.
The future for Renault and Nissan’s Indian operations was outlined at an official ceremony in Chennai by Nissan’s Director, Chief Operating Officer, Representative Executive Officer, and member of Alliance Board Ashwani Gupta. Guillaume Cartier, Chairperson for Nissan’s Africa, MiddleEast, India, Europe, and Oceania region, said: “For the first time, the Nissan line-up in India will reflect our global power in high-quality SUVs and EVs, bringing greater value to our employees, customers, and communities.”
