Breaking News Renault Group Acquires A Former Nissan Manufacturing Facility In India

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In one of the most exciting car markets globally, Renault Group is speeding up its expansion in India. The Renault Group has taken over 51% of the Chennai plant, which was formerly held by Nissan, as part of its goal to turn India into an important global hub. Renault Nissan Automotive India Private Ltd (“RNAIPL”), a joint venture plant in Chennai, is now wholly owned by the Group after it bought out 51% of Nissan’s shares.
This merger is a part of a larger strategy that also included the new Renault Triber and the opening of the Renault Group’s biggest design facility outside of France in April. Specifically for the Indian market, this vehicle can accommodate up to seven passengers. This rapidly expanding market will see the release of four new models in the near future.
More than half of the population is under the age of 28, making this a promising market for Renault to accelerate its expansion in accordance with its “International Game Plan 2027” strategy plan. Already, the Indian market is the world’s third biggest for automobiles. In this new setting, the partnership with Nissan will go on. To be more specific, RNAIPL will keep making Nissan models according to schedule.
“Over the last 14 years, we have been able to consolidate Renault’s presence in India, thanks to our research and development, reaching over 100,000 vehicles sold. Stéphane Deblaise, with his vast international experience and knowledge of the entire value chain, is ideally positioned to design and implement our strategy in the region,” said François Provost, the new CEO of Renault Group.


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