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Renault sees India as export hub; acquires Nissan stake in Chennai unit
The company announced the completion of the deal after fair trade regulator CCI earlier this week approved the French auto major's proposal to buy out its Japanese partner Nissan's stake.
The Indian manufacturing joint venture, Renault Nissan Automotive India (RNAIPL), will now be fully consolidated in Renault Group's financial statements. The company said that the acquisition is part of its strategy to transform India into a key international hub.
This move is part of broader momentum, highlighted by the opening of Renault Group's largest design centre outside France, announced in April, and the launch of the New Renault Triber — the first model in an ambitious product offensive that will include four new vehicles. The company aims to strengthen its sales in the Indian market and expand its exports from this major industrial hub. To support this transformation, Stéphane Deblaise will take over as chief executive officer of Renault Group in India, effective 1 September 2025.
Renault Group now fully owns its Chennai plant, renowned for its operational excellence. This strategic move strengthens the Group's ambition to make India a key pillar of its international growth.
Renault Group also relies on a leading engineering centre based in India, jointly owned with Nissan, which plays an active role in developing and adapting vehicles to meet the needs of both local and international markets. As part of its International Game Plan 2027 strategy, the Renault brand is accelerating its expansion in this fast-growing market, where more than 50 per cent of the population is under the age of 28. As the world's third-largest automotive market, India stands out as a crucial territory — a driver of innovation, a source of inspiration for new generations, and a major player in the transformation of the automotive sector, the company said.
This ambition is reflected in a major product offensive, with the launch of four new models. It kicks off with the launch of the New Triber. The cooperation with Nissan will continue in this new context. In particular, RNAIPL will keep producing Nissan models as planned.
'India is a key market for Renault Group. Over the past 14 years, we have successfully established the Renault brand thanks to our dedicated teams and partners, reaching peak sales of over 100,000 vehicles sold per year. India also plays a vital role in our global R&D footprint. With full ownership of our plant in Chennai, we now have all the means to accelerate in India. Stéphane Deblaise, with his strong international experience and deep knowledge across our entire value chain, is ideally positioned to design and implement our strategy in the region,' said François Provost, chief executive officer of Renault Group.
Since its launch in 2010, the Chennai plant has produced over 2.8 million vehicles — including 1.2 million exported to more than 100 countries — as well as 4.6 million engines and gearboxes. Supported by an ecosystem of nearly 300 local suppliers, the plant has an annual production capacity of over 400,000 vehicles.
Currently dedicated to the CMF-A and CMF-A+ platforms, the facility is now preparing to host Renault Group's new ultra-flexible, multi-energy modular platform, which will support the production of the Renault brand's future models. The Renault brand is established in India with more than 350 sales outlets and 450 service points across the country.
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