Renault Group has announced that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp. This acquisition marks a significant shift in the dynamics of the Renault-Nissan Alliance in India, with Renault set to fully control the RNAIPL plant in Chennai.
Despite the acquisition, Nissan will maintain its presence in India, continuing to focus on expanding its market coverage. RNAIPL will continue producing key Nissan models, including the popular Nissan Magnite, which will remain integral to Nissan’s plans in the Indian market. The company emphasized that the Chennai facility, with its high production capacity of over 400,000 units annually, will continue to serve as a cornerstone for Nissan’s Indian operations and future expansion.
Luca de Meo, CEO of Renault Group, spoke about the strategic move, stating, “As a long-time partner of Nissan within the Alliance, Renault has a vested interest in supporting Nissan’s recovery and boosting its performance. This acquisition aligns with our pragmatic approach to business and will unlock new opportunities for both Renault and Nissan. India is a key market, and we are committed to developing an efficient industrial footprint here.”
The deal is part of Renault’s broader “2027 International Game Plan” to accelerate its growth in India, an essential market for global automakers. The Chennai plant’s current use of CMF-A and CMF-A+ platforms will be bolstered by the launch of the CMF-B platform next year, supporting the introduction of four new models that are expected to drive further growth.
On Nissan’s side, CEO Ivan Espinosa highlighted the company’s continued commitment to India. He reiterated that the company remains focused on enhancing efficiencies and adapting to local market demands. Nissan plans to maintain its vehicle exports to other global markets under its “One Car, One World” strategy, which aligns with the Indian market’s growing role in the global automotive ecosystem.
Nissan’s strategy in India includes enhancing its local production capabilities while maintaining a robust research and development hub in the country. The company also plans to introduce new SUVs tailored to local needs, solidifying India as a vital part of its long-term business plan.
Once the transaction is completed, Renault Group will consolidate RNAIPL in its financial statements, marking a new chapter in the Renault-Nissan Alliance’s operations in India. This move underscores the strategic importance of the Indian market and Renault’s determination to strengthen its position in the global automotive landscape.
