Nissan Motor Company President & CEO Makoto Uchida, Renault Alliance Chairman Jean-Dominique Senard and Renault CEO Luca de Meo in Chennai on the event of the Alliance’s twenty fifth anniversary.
Renault Nissan Automotive India Pvt. Ltd., (RNAIPL) is planning to increase its product portfolio with the roll out of four new models from its Oragadam plant within the close to future, mentioned high firm officers.
“It will be two C-segment Sport Utility Vehicle of five seater and seven seater developed parallelly for Renault and Nissan on the existing CMF-B platform with high level of localisation,” Renault Group CEO Luca de Meo instructed reporters.
Wednesday occurred to be the alliance’s 25th anniversary in India. It was marked by the brief go to of Renault Alliance Chairman Jean-Dominique Senard together with Nissan Motor President & CEO Makoto Uchida and Mr. Meo.
Asserting that it was his first go to to India, Mr. Senard mentioned that India will proceed to play a significant position within the alliance. The alliance has invested $1.8 billion to date and lately it introduced an additional funding of $600-700 million.
“India is at the heart of the alliance and Tamil Nadu is chosen for its dynamism and the potential it offers. India has proved to be a crucial market for us,” he mentioned.
RNAIPL is a three way partnership between Japan-based Nissan and France-headquartered Renault. Currently, the alliance retails 5 merchandise in India with three below the Renault model identify (Kwid, Triber and Kiger) and two below Nissan badge (Sunny and Magnite).
The Oragadam plant produces 2.7 million vehicles each year, of which 1.2 million models are shipped to over 100 nations. The vehicles have an indigenisation stage of over 90%. The plant operates in two shifts and produces 480 vehicles per day.
“The alliance remains committed to India. India will become a hub for exports,” mentioned Mr. Uchida.
