Export Powerhouse - Business Outrank

Renault acquired complete ownership of their Indian joint venture plant through the purchase of Nissan's remaining 51% stake which transformed RNAIPL into a fully owned subsidiary. The strategic acquisition supports Renault's goal to establish India as a major global manufacturing and export center. The Chennai plant which started operations in 2010 has manufactured more than 2.8 million vehicles and 4.6 million engines and gearboxes until now will operate as a Renault-owned facility. The facility operates with support from 300 local suppliers while it maintains a production capacity of more than 400,000 vehicles annually. The acquisition supports Renault's "International Game Plan 2027" which aims to increase exports and boost local sales through new product launches. CEO François Provost emphasized India's significance by stating the country serves as a crucial element for Renault's worldwide research and development and innovation activities. The transition starts with the launch of the Renault Triber which represents the first of four upcoming models under a new product strategy. The full ownership transfer did not affect Renault's decision to keep producing Nissan models at the Chennai plant while maintaining engineering collaboration between the two companies.

What's Hot

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Export Powerhouse

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Mahindra Vehicle Sales Surge 26% in July, SUV and Tractor Demand Drive Growth

Our Picks

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Amazon Faces Investor Jitters Despite Revenue Beat Amid Tariff and AI Spending Concerns

Volvo India Open to Plug-in Hybrids If Tax Structure Changes, Says MD

Most Popular

Renault Eyes India as Export Powerhouse with Full Ownership of Chennai Plant

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Export Powerhouse