Renault Takes the Wheel: Acquires Nissan's Stake in Indian Operations

Renault Group and Nissan have made major strategic announcements, such as Renault's acquisition of Nissan's 51% holding in Renault Nissan Automotive India Private Ltd. (RNAIPL) to make it an entirely owned subsidiary. This step places Renault for further international expansion while keeping Nissan's presence intact in India, with the objective of market coverage and ongoing production of models such as the New Nissan Magnite at the Chennai plant.

 

Important Highlights:

This move reaffirms the changing alliance between Renault and Nissan in line with their overall strategic aims in India and elsewhere.

 

Source: Renault Group Official Website, Business Today, CarDekko.