Renault and Nissan invest $600 million in production in India

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Renault Group and Nissan Motor announced about their first joint project after the reform of the alliance. Concerns intend to allocate a total of about $600 million for the production of new models in India.

Renault and Nissan are using their base in Chennai to develop and manufacture six new models, three for each company. Two of them will be equipped with an electric motor. At the same time, the research center of the two concerns will hire an additional 2,000 employees to support the development of new cars.

The new models will be designed not only for the Indian market, but also for mass export, and the plant in Chennai is planned to be loaded up to 80%. “The alliance’s first joint base is in India, and India will be at the center of a new chapter in the alliance’s history with new vehicles, new research and development, and new export markets that will take our joint operations to the next level,” said Nissan’s Head of Markets, AMIEO. (Africa, Middle East, India, Europe and Oceania) Guillaume Cartier.

Kirill Sarkhanyants

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