Saturday, July 13, 2024

Renault and Nissan renew commitment to Indian operations through new investment and vehicles

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.

From their base in Chennai, the companies will collaborate on six new production vehicles for domestic and international customers, including two new fully electric vehicles, uplifting the Renault-Nissan centre into an international export hub.

An initial investment of around $600m USD / ₹5300 croresINR is planned to support the new projects, which will see an up to 2,000 additional new jobs created at the Renault Nissan Technology & Business Centre in Chennai. At the same time, the RNAIPL factory will become carbon-neutral with a significant increase in renewable energy generation.

Following last week’s announcement of new high-value-creation operational projects for the Renault-Nissan-Mitsubishi Alliance, the future for Renault and Nissan’s Indian operations was outlined today at an official ceremony in Chennai by Nissan’s Director, Chief Operating Officer, Representative Executive Officer and member of Alliance Board Ashwani Gupta, in the presence of ThiruM.K. Stalin, the Honourable Chief Minister of Tamil Nadu, and alongside officials from the Tamil Nadu Government.

Guillaume Cartier, Chairperson for Nissan’s Africa, Middle East, India, Europe and Oceania region, said: “”Renault and Nissan are fully committed to the Indian market, committed to electrifying the Indian market and committed to minimising our impact on the environment. “India was the first Alliance plant and India will be at the centre of this new chapter of the Alliance, with new vehicles, new R&D activities and new export markets taking our joint operations to the next level. “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.”

François Provost, International Development & Partnerships Renault Group and Managing Director of Alliance Purchasing Organization, said: “India is a key market for Renault Group. Over the past 14 years, we have been developing the Renault Brand with our teams and dealers, up to reaching 100 thousand vehicles sold per year. India has also a key role in our R&D worldwide footprint. This project together with Nissan is a first concrete output of the new Alliance ambition released on February 6 th .”

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