Renault and Nissan will invest US$ 600 million to make six vehicles in India

By Redação AutoIndústria | 2/13/23 | Translated by Jorge Meditsch

One week after confirming the permanence of the Renault-Nissan-Mitsubishi world alliance for at least 15 years, Renault and Nissan announced important actions and plans for India. According to the manufacturers, the Chennai industrial complex will be the production base for six new vehicles made for the local market and exportation, two of them fully electric.

Each brand will have three vehicles. They will be projected and assembled locally on common platforms, with each brand’s profiles, style and characteristics. Four segment C SUVs are confirmed. The two electrics will be for segment A.

‘They will be the first electric vehicles from Renault and Nissan in India, using both brands’ heritage and experience in mass-market electrification started by the Nissan Leaf and Renault Zoe more than one decade ago”, said the manufacturers in a joint note.

The new Indian products portfolio of both brands will demand an investment close to US$ 600 million and will generate about two thousand jobs at the Renault Nissan Technology & Business Center in Chennai.

The new guidelines for production in India by Renault and Nissan were revealed in an official ceremony in Chennai. “This joint project with Nissan is the first concrete result of the new Alliance’s ambitions”, said François Provost, global purchases director of the partnership.

The idea is to make India gain more relevance in both manufacturer’s exports with the new vehicles and that the Indian plant use overcomes 80% of its production capacity.

The unit belongs to Renault Nissan Automotive India Private Ltd (RNAIPL), from which Nissan will have 51% of the capital and Renault the remaining 49%. In the Renault Nissan Technology Business Center (RNTBCI), the shares are inverse.