Renault, Nissan to boost India investment
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Loading... - Neeray Banerjee
- 03 Feb 2023
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The investment will be led by Nissan. The alliance partners plan to return to a strategy of sharing and cross-badging vehicles.
A revamped Renault-Nissan alliance could face an early test in India, where the automakers plan new investment in a bid to close the gap on rivals, people with knowledge of the plans told Reuters.
The automakers reached a deal in principle on Monday to restructure their two-decade partnership by putting both companies on an equal footing in terms of shareholding and with Nissan investing in Renault's new electric vehicle unit Ampere.
The French and Japanese companies announced that they had identified key projects on which they would deepen collaboration in India, Latin America and Europe, without elaborating.
In India, the world's fastest-growing car market, the new investment will be led by Nissan, and the companies are evaluating vehicles they could launch from 2025, two of the people told Reuters. That could include a reboot for Renault's popular Duster SUV, they said.
Renault-Nissan also plan to return to a strategy of sharing and cross-badging vehicles in India, aiming to increase plant utilisation rates and reduce costs, the people said. The Duster SUV, for instance, is being considered for launch under both the Nissan and Renault brands, they said.
The sources asked not to be identified because the companies have not announced details of the new strategy, which could be made public as early as next week.
Nissan did not respond to a request for comment. Renault declined to comment on the details of planned projects with Nissan. Read More…
