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Renault Group will acquire the remaining 51% of Renault Nissan Automotive India from Nissan. Despite this, Nissan will stay in India, focusing on market growth and new models.
Renault India
Renault Group is set to acquire the remaining 51% shareholding of Renault Nissan Automotive India Private Ltd (RNAIPL) from Nissan Motor Corp, as announced on Monday.
Despite the shift in ownership, Nissan will maintain a significant presence in India, focusing on expanding market coverage. RNAIPL will continue to produce Nissan models, including the new Nissan Magnite, playing a critical role in Nissan’s future expansion plans.
Renault’s Perspective on the Acquisition
Luca de Meo, CEO of Renault Group, emphasized the importance of the partnership with Nissan. He highlighted Renault’s commitment to supporting Nissan’s recovery plan while creating business opportunities for both companies. He also mentioned that this agreement showcases the new Alliance’s flexibility and efficiency and underscores Renault’s ambition to expand in international markets, particularly in the key automotive market of India.
Nissan’s Strategic Goals
Ivan Espinosa, President and CEO of Nissan, reiterated the company’s dedication to the strategic partnership with Renault. He noted that Nissan aims to enhance efficiencies and create a more agile and effective business model in response to changing market conditions. Nissan remains committed to the Indian market, focusing on delivering vehicles tailored to local consumer needs and maintaining high-quality sales and service. The company also plans to continue using India as a hub for research, development, and digital services, with ongoing plans for new SUVs and vehicle exports under the “One Car, One World” strategy.
Future Developments in India
As part of its “2027 International Game Plan,” Renault Group will accelerate its development in India. The RNAIPL plant in Chennai, with its robust supplier ecosystem and 400,000+ units production capacity, will play a crucial role. The plant currently hosts the CMF-A and CMF-A+ platforms and is set to expand with the launch of the CMF-B platform next year, starting with four new models. Following this transaction, RNAIPL will be fully consolidated into Renault Group’s financial statements.
