Renault Nissan Automotive India Private Limited (RNAIPL) today
hosted the ground breaking ceremony for its new passenger vehicle plant
in Chennai, India, expected to begin operations in 2010. The facility
will have an annual production capacity of 400,000 and will produce
vehicles for export and the local market for both Renault and Nissan.
50:50 joint venture between Renault and Nissan to manufacture passenger
vehicles, RNAIPL represents an investment of a minimum of Rs 4,500
crore (€780 million / U.S. $1.1 billion).
“This is an
important day in Chennai for Renault, Nissan, our local employees and
the community,” said Shohei Kimura, managing director of RNAIPL. “The
new project is a very tangible result of the strength and success of
the Renault-Nissan Alliance, and is a clear indicator of RNAIPL’s
long-term strategy for this important market.”
Renault plans to
produce several cars on the Logan platform and on other platforms as
well. Building on the success of Logan, Renault is currently developing
a product range to best match Indian customers’ needs, tastes and
Nissan will produce a family of models based on its new
A-platform, including the next generation of Micra. India is one of the
five leading competitive countries (LCCs) to produce the new A-platform
models. The development of a competitive A-platform is one of several
business breakthroughs announced as part of Nissan GT 2012, the
company’s new five-year business plan.