Latest Automotive News

Subscribe in a reader





Renault, Nissan Break Ground for New Plant in India

Email   small font medium font large font

Google
 
Web AutoNews24h.com
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.

A 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 dreams.

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.

Receive the latest automotive news by email!

Enter your email address:


Related news
NEW DELHI (AP) _ France's Renault SA on Tuesday introduced its low-cost Logan sedan in India through a joint venture with local automaker Mahindra & Mahindra, boosting competition in the ...
The board of the Japanese automaker Nissan agreed today to open talks with General Motors on a possible alliance. Major G-M shareholder Kirk Kerkorian proposed last week that the troubled American carmaker join ...
Nissan Motor Co., Ltd., today announced that it will source an innovative all-new compact car from its Sunderland plant in the United Kingdom (UK), starting in 2010. Building on the success of ...
Renault-Nissan and Project Better Place pursue their strategy of zero-emission vehicles in Denmark The Renault-Nissan Alliance actively supports the initiative of Project Better Place which announced today its second deployment in Denmark. Renault will ...
Renault SA and Nissan Motor Corp. are appointing advisers for their talks about expanding their alliance to include U.S. carmaker General Motors Corp. (NYSE:GM), the chief executive of both Renault ...
PARIS (AP) _ French carmaker Renault SA said Friday it has agreed with Volvo Cars, a subsidiary of Ford Motor Co. (NYSE:F), to not renew a distribution agreement when it expires at ...
Honda Siel Cars India, leading manufacturer of premium cars in India, inaugurated its new production facility at Greater Noida, with an enhanced capacity of 100,000 vehicles per annum. The new ...
STOCKHOLM (AP) _ Swedish bus and truck maker AB Volvo said Tuesday it will invest 530 million kronor (US$76.3 million) in a French plant of subsidiary Renault Trucks to increase ...

Best Investment Newsletter

- 46% in 2008

- invest in the best performing US stocks only and sell them when the uptrend is over

- very easy to follow, simple buy/sell signals

- no need to have investing or trading experience

Find More Now!


Renault, Nissan Break Ground for New Plant in India
> © 2006-2017 AutoNews24h.com except where otherwise noted