Full Ownership - 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.

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