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Nissan and Renault will expand their operations in India by investing US$600 million to develop six new car models and increase local production. As reported by Ukrinform, this
As reported by Ukrinform, this was reported by Kyodo News.
Nissan and Renault, which have been partners for over two decades, will develop two electric car models and four SUV models based on common platforms for India and export, creating up to 2,000 new jobs in a joint R&D Centre.
Under the project, Japanese and French automakers will produce electric vehicles for the first time in India and will help the country become an export hub. determined.
The new plan comes as India becomes increasingly profitable for automakers, surpassing Japan for the first time in 2022.
The country has become the third largest car market in the world with more than 4.7 million cars sold.
In India, the Nissan-Renault alliance started production at the Chennai plant in 2010 as the first joint venture. Nissan manufactured its cars at the factory under the Datsun brand.
As Ukrinform reported, last week Japanese company Nissan and its French partner Renault reached a formal agreement on the restructuring of the auto manufacturing alliance.
Source: Ukrinform
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