Overview

• Renault acquired Nissan’s remaining 51% stake in Renault Nissan Automotive India Private Ltd, making the Chennai facility its sole owned asset and fully consolidating it into the group’s financials.
• The Chennai plant has produced over 2.8 million vehicles and 4.6 million engines and gearboxes since 2010 and can assemble more than 400,000 units annually.
• The facility will host Renault’s new ultra-flexible, multi-energy modular platform to support production of the brand’s upcoming models.
• Stéphane Deblaise will become CEO of Renault Group in India on September 1 to lead the region’s strategic expansion.
• Renault will continue manufacturing Nissan-badged models at the site and maintain its jointly owned engineering center in India.