Nissan Renault India: Three of the six models will be developed on a joint platform and will also be exported. There are two electrics in the new car to be introduced. Nissan and Renault will launch an electric car for the first time in India.
Nissan Renault Investment in India: French auto company RenaultRenault) and the Japanese car company Nissan (Nissan) has planned to make big investment in India. In the next 15 years, these two companies will invest about Rs 5,300 crore in the country. To introduce six new cars in the Indian market auto companies Intends to make such a huge investment. Automakers say that they will work on this project from Chennai base. This base will also be developed as an export hub.
Nissan’s Global Chief Operation Officer (COO) and Alliance board member Ashwini Gupta said that with the new round of investment, both the companies will launch six new models. There will be two electric models in these. At the same time, three cars will be made on the joint platform. The alliance of both the companies is moving forward under the long-term vision in India.
Carbon neutral target by 2025
Currently both the companies produce four models at their Chennai plant in Oragadam. COO Ashwani Gupta said that Renault-Nissan’s manufacturing plant will become carbon neutral by 2025. Only renewable energy will be used here. This alliance will invest in India to increase production, research and development, to introduce electric vehicles.
Chennai will become export hub
Nissan and Renault will produce 6 new vehicles at the Chennai plant. From here the demand of domestic and international market will be met. These include two full electric vehicles, and this center will be developed as an international export hub. Renault and Nissan are renegotiating their stake in the joint operation amid fresh preparations being made by both the companies in the Indian market.
change in stake, new jobs
According to reports, under the new framework, Nissan’s ownership in Renault Nissan Automotive India Pvt Ltd will be 51 per cent and Renault’s ownership will be 49 per cent. Earlier it was in the ratio of 70:30. Work will be done on new projects with an investment of Rs 5,300 crore. This is expected to create up to 2,000 new jobs. Alliance said that it is committed to electrification in India.
