Nissan and Renault have unveiled a transformative chapter in their long-standing partnership, marked by key strategic changes aimed at enhancing flexibility and operational efficiency.  
	 
	Key Highlights:  
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		Nissan will be released from its commitment to invest in Ampere, Renault's electric vehicle unit, while continuing to collaborate on agreed product projects.  
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		The New Alliance Agreement will be amended to increase flexibility in cross-shareholdings, with the lock-up undertaking adjusted to provide greater autonomy for both parties.  
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		Renault Group will acquire Nissan's shareholding in Renault Nissan Automotive India Private Ltd (RNAIPL), taking full ownership of the entity.  
	These changes signify a renewed focus on agility and strategic alignment, enabling both companies to better navigate the evolving automotive landscape. The revised agreement underscores their commitment to innovation and mutual growth while allowing each party to pursue independent objectives.  
	 
	Sources: Economic Times, GlobeNewswire, Renault Group Media