Car makers Renault of France and Nissan of Japan have told their future plans for the Indian market. Together these two companies will make and sell 6 new vehicles for India and the global market. Of the six car models, three will be developed on a joint platform. These will have 2 new fully electric vehicles and 4 SUVs.
In the next 15 years, auto companies will invest Rs 5,300 crore for their new projects in the Indian market. Renault Nissan Automotive India Private Limited (RNAIPL) has entered into an agreement with the Tamil Nadu government for this. Automakers say that they will work on this project from Chennai base. This base will also be developed as an export hub. With this, Renault-Nissan expects to create 2,000 jobs in R&D.
Ashwani Gupta, chief operating officer (COO) of Nissan Motor and member of the Alliance board, said that at present both the companies produce four models at the Oragadam factory, 45 km from Chennai. Gupta said that Renault-Nissan's manufacturing plant will be carbon-free by 2045. Only renewable energy will be used here. Under the new framework agreement, the ownership of RNAIPL will be 51% for Nissan and 49% for Renault.