The joint venture of Renault and Nissan has been facing tough times in recent times. Sure, the Renault Kiger and the Nissan Magnite have both helped steer their boat, but that isn’t helping them reach the shore. The JV has announced a massive investment of Rs 5,300 crore in India, and as a result, a total of 6 new models will be launched by the Japanese and French automakers. In addition, the investment is targeted at 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, aimed at becoming an international export hub. Also, considering the buzz in our market for mid-size SUVs, the new-gen Renault Duster is expected to be a part of the list. Also, the off-road credentials of the Duster will help the carmaker resume the successful run it enjoyed earlier.
The six new models will include three for each company, which will be engineered and manufactured in Chennai. They will be built on a common alliance platform, while maintaining the individual and distinctive styling of both the brands. These will include four new C-segment SUVs. The two new A-segment electric vehicles will be the first electric vehicles for both Renault and Nissan in India.
The Indian operations of Renault and Nissan were today unveiled at an official function in Chennai by Ashwini Gupta, Director, Chief Operating Officer, Representative Executive Officer and Alliance Board Member, Nissan, in the presence of Chief Minister MK Stalin.
“The new models will not only be targeted at Indian customers, but will also signal a significant increase in exports from India, increase plant utilization by up to 80% and create many thousands of jobs at the RNAIPL plant in Chennai for many years to come.” the release said.
The Renault Nissan Automotive India Private Limited (RNAIPL) plant aims to achieve this through its ongoing program to transition to 100 percent renewable energy by 2045, while reducing energy consumption at the plant by 50 percent compared to today.
Guillaume Cartier, Nissan Africa, Middle East, India, Europe and Oceania region chairperson, said, “Renault and Nissan are fully committed to the Indian market, committed to electrifying the Indian market and reducing our impact on the environment. Committed to doing.”
with inputs from agencies