Latest news with #StephaneDeblaise
Time of India
02-08-2025
- Automotive
- Time of India
Revving up: Renault gets keys to Nissan's TN plant
Renault has bought its partner Nissan 's 51 per cent stake in its joint venture plant near Chennai, four months after announcing the deal. With the completion of the acquisition, the French auto major has become the sole owner of the Oragadam facility in Tamil Nadu. Renault expects to strengthen its sales in the Indian market and step up exports. Japan's Nissan, which has struggled to gain market share in India, will now pay Renault to manufacture its models at the Chennai plant in a contract manufacturing arrangement. "India is a key market for Renault Group and 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," said Renault Group CEO Francois Provost. 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 nearly 300 local suppliers, the plant has an annual production capacity of over 400,000 vehicles and it is currently using nearly 50 per cent of it. Renault expects the capacity utilisation at the plant to improve as new models for both Renault and Nissan roll out of Oragadam. The plant is preparing to host Renault Group's new multi-energy modular platform, which will "support the Renault brand's future models", a statement said. Renault has appointed Stephane Deblaise as its India CEO effective Sept 1, 2025 to lead the next phase of the French auto major's strategy here. The new strategy is bullish on the local market's importance in the group's global strategy. "Renault Group looks to India as a key driver of international expansion" the statement said. It added that this move is part of a broader momentum, highlighted by the opening of the group's largest design centre outside France, announced in April, and the launch of the new Triber - the first model in a product offensive that will include four new vehicles.
Time of India
01-08-2025
- Automotive
- Time of India
Revving up: Renault gets keys to Nissan's TN plant
CHENNAI: Four months after Renault Group announced its intent to buy out Nissan's 51% stake in joint India plant RNAIPL (Renault Nissan Automotive India Private Ltd), the French auto major has completed the acquisition and become sole owner of the Oragadam/Chennai facility. 'India is a key market for Renault Group and 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,' said François Provost, CEO of Renault Group. The acquisition is part of Renault Group 'accelerating its development in India' said the company in a statement. Renault Group has just named Stephane Deblaise as its CEO for India effective Sept 1, 2025 to lead the next phase of the French auto major's India strategy. Since its launch in 2010, the Chennai plant has produced more than 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 nearly 300 local suppliers, the plant has an annual production capacity of more than 400,000 vehicles; it is currently using nearly 50% capacity. Going forward, the plant will continue to manufacture Nissan cars as well as have some 'kind of contract manufacturing arrangement,' the company said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Renault expects the capacity utilization at the plant to improve as new models roll out of Oragadam for both Renault and Nissan. Currently dedicated to the CMF-A and CMF-A+ platforms, the Oragadam plant is preparing to host the group's new multi-energy modular platform, which will 'support the Renault brand's future models,' said the statement. The group is bullish on the local market's importance in its global strategy. 'Renault Group looks to India as a key driver of international expansion,' said the statement. This is part of a broader momentum, highlighted by the opening of Renault Group's largest design centre outside France, announced in April, and the launch of the new Triber — the first model in a product offensive that will include four new vehicles. Renault will both strengthen its sales in the Indian market and expand its exports. This is part of Renault brand's International Game Plan 2027. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
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)
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:
Time of India
01-08-2025
- Automotive
- Time of India
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. Terming India a key market, he noted that the French automaker has been able to establish the brand in India. Explore courses from Top Institutes in Please select course: Select a Course Category Others PGDM Data Analytics MCA Operations Management Healthcare Data Science Leadership Data Science others CXO Management Design Thinking Cybersecurity Product Management Finance healthcare Technology Digital Marketing Artificial Intelligence Project Management MBA Public Policy Degree Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Gina Rinehart Is Betting $800M on This Fat Tail Daily Learn More Undo 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. Live Events The company has announced that it aims to launch four new models in the market. 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.
