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Hindustan Times
01-08-2025
- Automotive
- Hindustan Times
Renault ends joint venture with Nissan, takes full control of Chennai plant
Renault Group has acquired Nissan 's 51 per cent stake in their joint manufacturing facility in Chennai, ending a long-standing partnership and taking full ownership of the plant. The Chennai-based facility, previously operated under Renault Nissan Automotive India Private Limited (RNAIPL), will now be solely managed and financially consolidated by Renault. While the plant will continue to produce vehicles for Nissan, Renault will now exercise full control over operations. The acquisition marks a key step in Renault's plan to develop India as a major international hub. It follows the April announcement of Renault's largest design centre outside France and the launch of the New Renault Triber, the first of four new models expected as part of a broader product rollout. However, an engineering centre jointly operated with Nissan remains active, still contributing to vehicle development for both local and export markets. Leadership and future direction Renault has announced that Stephane Deblaise will take over as CEO of its Indian operations, effective September 1, 2025. His role will involve managing the transition and overseeing product rollout in a market where the company has seen both early success and recent stagnation. Despite reaching annual sales of over 100,000 units in the past, Renault's position in India has been challenged by increased competition and changing consumer preferences. Whether full ownership of manufacturing will help reverse that trend remains to be determined. This transition comes at a time when automakers are rethinking their global strategies in response to changing consumer demands, tighter emissions regulations, and rising costs. Francois Provost, CEO of Renault Group, commented on the change, "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." Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
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Business Standard
01-08-2025
- Automotive
- Business Standard
Renault acquires Nissan's stake in Chennai unit; sees India as export hub
French automaker Renault Group said on Friday it will acquire Nissan's 51 per cent stake in their joint venture manufacturing plant in Chennai as it seeks to expand Indian sales and exports. Renault announced the Competition Commission of India, the country's fair trade regulator, had approved its proposal to buy Nissan's stake. Renault Nissan Automotive India (RNAIPL) will be 'fully consolidated' in Renault Group's consolidated financial statements. The stake purchase is part of a strategy to make India an international manufacturing hub, said Renault in a statement without commenting on the size of the deal. Renault announced in April that Chennai has its largest design centre outside France. It also announced the launch of New Renault Triber, the first model in an ambitious 'product offensive' that will include four cars. The company aims to strengthen sales in India and expand exports from the country. Stéphane Deblaise will take over as chief executive officer of Renault Group in India on September 1. Renault and Japanese firm Nissan jointly own a 'leading engineering centre', which plays an 'active role' in developing and adapting vehicles to meet the needs of both local and international markets. India is the world's third-largest automotive market and '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 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 (research and development) footprint. With full ownership of our plant in Chennai, we now have all the means to accelerate in India,' 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.
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Business Standard
01-08-2025
- Automotive
- Business Standard
Renault sees India as export hub; acquires Nissan stake in Chennai unit
Renault Group on Friday said that it plans to strengthen its sales in the Indian market and expand its exports through the acquisition of Nissan's remaining 51 per cent stake in their joint plant in Chennai. 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.
