Overview

• Renault Group has acquired Nissan’s remaining 51% stake in RNAIPL, making the Chennai facility fully owned and consolidated in its financial statements.
• Stéphane Deblaise will become CEO of Renault Group India on September 1 to lead the plant’s next phase of development.
• The Chennai plant has produced over 2.8 million vehicles and 4.6 million powertrains since 2010 and maintains an annual capacity of more than 400,000 units.
• The facility is being prepared to host an ultra-flexible, multi-energy modular platform for Renault’s upcoming models.
• Under the existing agreement, the plant will continue manufacturing Nissan vehicles despite the ownership change.