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Economic Times
01-08-2025
- Automotive
- Economic Times
With full ownership Chennai plant, Renault ready to accelerate in India: Global CEO
French carmaker Renault is now ready to make rapid progress in the Indian market after gaining full control of the Chennai-based manufacturing plant, as per global CEO Francois Provost. ADVERTISEMENT Terming India a key market, he noted that the French automaker has been able to establish the brand in India. "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," Provost said in a statement. Renault Group has acquired the remaining 51 per cent stake in the Chennai plant (RNAIPL), previously held by Nissan. Renault Group now fully owns the plant. The company has announced that it aims to launch four new models in the market. ADVERTISEMENT Provost noted that Stephane Deblaise, with his strong international experience and deep knowledge across the entire value chain, is ideally positioned to design and implement the company's growth strategy in the region. Earlier this month, Renault Group named Stephane Deblaise as Chief Executive Officer, Indian operations, effective September 1, 2025. (You can now subscribe to our Economic Times WhatsApp channel)
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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.
Yahoo
01-08-2025
- Automotive
- Yahoo
Renault Group strengthens its presence in India to support its international ambitions
PRESS RELEASEAugust 1, 2025 Renault Group strengthens its presence in India to support its international ambitions Renault Group takes a major new step in its international development with the acquisition of the 51% stake in the Chennai plant (RNAIPL), previously held by Nissan. As the world's third-largest automotive market, India continues to grow steadily, with a 7% increase in 2024 and projected growth of 3.5% in 2025. With a competitive supplier network and strong industrial infrastructure, India is establishing itself as a central pillar of the Group's global strategy and of the Renault brand internationally. To lead this new phase of development, Stéphane Deblaise has been appointed CEO of Renault Group in India, effective September 1, 2025. Boulogne-Billancourt – August 1, 2025 - Renault Group is accelerating its development in India, one of the most dynamic automotive markets in the world. As part of its strategy to make the country a key international hub, the Group has taken a major step forward by acquiring Nissan's remaining 51% stake in their joint plant in Chennai (Renault Nissan Automotive India Private Ltd – 'RNAIPL'), thus becoming its sole owner. RNAIPL will now be fully consolidated in Renault Group's consolidated financial statements. This move is part of a broader momentum, highlighted by the opening of Renault Group's largest design center 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 CEO of Renault Group in India, effective September 1, 2025. Renault Group looks to India as a key driver of international expansion 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 center 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% 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. 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 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, CEO Renault Group Stéphane Deblaise appointed CEO of Renault Group in India To define and implement Renault Group's strategy in India, with direct responsibility for all local entities, the Group is strengthening its local leadership with the appointment of Stéphane Deblaise as CEO of Renault Group in India, effective September 1, 2025. Stéphane will build on the expertise he developed in South Korea since 2022, where he led a major transformation of the business — notably by positioning the Busan site as an industrial and technological hub and repositioning the Renault brand in the Korean market. Aged 52, Stéphane Deblaise is a graduate of Télécom Physique Strasbourg and IFP School. He joined Renault Group in 2000 as an Advanced Process Engineer after beginning his career at Saft Batteries. Since then, he has held several strategic positions within the Group's international operations, including: Chief Vehicle Engineer for the Entry program in Latin America (2009), Vice President, Product Planning & Programs at Dongfeng-Renault in China (2014), Global Program Director for Segment C&D vehicles in France (2017), Vice President, Renault Group Vehicles and Cross-Car Line Program (2021), CEO of Renault Korea (2022–2025). 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 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 Renault brand is established in India with more than 350 sales outlets and 450 service points across the country. RENAULT GROUPINVESTOR RELATIONS Philippine DE (0)6 13 45 68 39 RENAULT GROUP PRESS CONTACT Rié Yamane +33 6 03 16 35 Florentina Deca +33 6 32 13 69 About Renault Group Renault Group is at the forefront of a mobility that is reinventing itself. The Group relies on the complementarity of its 4 brands – Renault, Dacia, Alpine, Mobilize – and offers sustainable and innovative mobility solutions to its customers. Established in 114 countries, Renault Group sold 2.265 million vehicles in 2024. It employs more than 98,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, the Group is committed to an ambitious and value-generating transformation focused on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, Renault Group's ambition is to achieve carbon neutrality in Europe by 2040. More information: Attachment 2025 08 01_EN_Renault Group strengthens its presence in India
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Business Standard
23-07-2025
- Automotive
- Business Standard
Renault eyes full capacity at Chennai plant, no new partner planned
Renault targets 100 per cent capacity at the RNAIPL plant over the next few years following Nissan stake buyout, with no new partnerships under consideration currently Sohini Das Mumbai Listen to This Article French carmaker Renault, which is charting a turnaround in India after deciding to buy out its alliance partner Nissan's 51 per cent stake in Renault Nissan Automotive India Private Ltd (RNAIPL), is not looking for any new partner at the moment, a senior company official said. Meanwhile, it is aiming to achieve full capacity utilisation at RNAIPL's Chennai plant within the next few years—from the current close to 50 per cent—riding on fresh domestic product launches, exports, and contract manufacturing. The company launched a next-generation Triber on Wednesday, priced attractively between ₹6.2 lakh and ₹8.4 lakh, marking its first major
Time of India
19-06-2025
- Automotive
- Time of India
Nissan reaffirms commitment to India, plans three new vehicle launches by 2027
Nissan Motor Co has a defined product introduction plan for India, where it intends to continue its operations, global CEO Ivan Espinosa told ET, dispelling speculation that the Japanese automaker could exit the market. 'India is a very important market for Nissan and we're in India to stay,' said Espinosa. 'We have a very clear roadmap of our product portfolio and also the capacity required to produce these vehicles.' Elaborating on the plans, he said, 'In the next 18 to 24 months, we will have a lot of activity of product introduction for India…these vehicles will not only be for India, but they will also be exported to many, many markets around the world.' The top Nissan executive's comments follow partner Renault SA announcing this March the acquisition of the former's 51% stake in a car manufacturing joint venture factory in Tamil Nadu. Post completion of the deal, Renault Nissan Automotive India Pvt Ltd (RNAIPL) will become a wholly owned unit of the French automaker. RNAIPL would eventually evolve into a contract manufacturer for Nissan, producing existing and new models slated for launch in India and for exports. Nissan's decision triggered speculation that the company may exit the Indian market, much like American carmakers Ford and General Motors in the past. Espinosa clarified that Nissan's decision to cut industrial footprint to 10 vehicle plants globally from 17 is part of the company's plan to trim costs, leverage partnerships wherever feasible, and channel investments in mass market products to grow business sustainably and profitably in future. He emphasised that low motorisation rates in India, coupled with strong cost competitiveness and engineering capability offer a lot of potential to grow Nissan's business in the country. To be sure, the Tokyo-headquartered automaker has faced limited success in its stint in India. It sold only 27,881 units in India's 4.3-million unit passenger vehicle market last fiscal year, due to sparse product offerings. The company however ranks among India's top car exporters, shipping 71,334 vehicles in FY25. Espinosa however expressed confidence that Nissan Motor India would turnaround its business, backed by the launch of three new vehicles in the next 18-24 months. This will comprise a multipurpose vehicle, a five-seater SUV, and a seven-seater SUV. Nissan currently sells the locally-produced Magnite compact SUV in India, besides importing the X-Trail SUV model. Espinosa explained that the new vehicles—positioned at the heart of the market in the country's fast-growing utility vehicle segment— will give the company's dealer partners 'a lot of opportunities for business' and also help cover many requirements of customers in India. 'We will have a much broader range that will help us cover the market in a more intelligent, smart way,' he said. Nissan aims to nearly its grow its sales in India nearly threefold to 100,000 vehicles annually once the new SUVs are rolled out, by 2027-end. An additional 100,000 vehicles will be exported. 'The scale of what we're doing is relatively big. This is why India is such an important thing for Nissan, and this is why we're determined to stay and to keep working with the assets that we have built in India, not only for the domestic operations, but also to capitalise these values and export outside of the Indian market,' Espinosa said. He said the company additionally has a very competent engineering footprint in India. Going forward, Nissan will leverage the joint venture Renault Nissan Technology & Business Centre in Chennai, not only to produce and develop vehicles in India jointly with partner Renault, but also for enabling new product development under Nissan's global portfolio. 'The Indian talent and engineering is very, very competent and that is something that our engineers in Japan value a lot. There's a lot of collaboration happening with the engineering team in India, to help us develop products for many of Nissan's world operations,' he said. Overall, Espinosa said while every market has its challenges, one of the positives in India is that the motorisation ratio still has a lot of potential to grow. He said that 'there's still a lot of potential for the Indian market to grow, but we do need to keep working hand in hand with the governments to keep the competitiveness that today India has. The cost competitiveness is quite good; the engineering capability is quite good. But how do we make this sustainable for the future?'. For one, as India transitions to cleaner mobility solutions such as battery electric vehicles, 'a solid roadmap' has to be put in place to expand infrastructure. Espinosa said government support is also needed to make EVs viable in the future in India. 'So, a lot of work to be done, which is not only specific to India. But a lot of work needs to be done to keep the (growth in sales of) electric vehicles at the pace governments or some of the governments are intending.'
