Renault, Nissan, and Mitsubishi have announced their partnership in India. This comes after the recent global alliance announcement in London. Renault Nissan will invest ₹5,300 crores in the development and manufacturing of these six products.
New Products
While it is not clear what products will be launched, we know that these will be three Nissan and three Renault cars. Out of the six, four will be C-segment SUVs and two new fully electric vehicles. These will be manufactured in the Chennai plant and will be exported globally. Each brand will be bringing in two SUVs and one EV. The new cars will have a shared platform however, each product will have its own brand identity.
Official Statement – Nissan
Guillaume Cartier, Chairperson for Nissan’s Africa, Middle East, India, Europe and Oceania region, said: “Renault and Nissan are fully committed to the Indian market, committed to electrifying the Indian market and committed to minimising our impact on the environment.
“India was the first Alliance plant and India will be at the centre of this new chapter of the Alliance, with new vehicles, new R&D activities and new export markets taking our joint operations to the next level.
“For the first time, the Nissan line-up in India will reflect our global power in high-quality SUVs and EVs, bringing greater value to our employees, customers and communities.”
Official Statement – Renault
François Provost, International Development & Partnerships Renault Group and Managing Director of Alliance Purchasing Organization, said: “India is a key market for Renault Group. Over the past 14 years, we have been developing the Renault Brand with our teams and dealers, up to reaching 100 thousand vehicles sold per year. India has also a key role in our R&D worldwide footprint. This project together with Nissan is a first concrete output of the new Alliance ambition released on February 6th.”
Other Products
Nissan has been heavily banking on the Magnite for the past few years. Nissan had recently showcased the X-Trail, Qashqai, and the Juke. None of these three cars are a part of the six cars coming after 2025. However, between 2023 and 2025, Nissan could get these to India through the CBU route and we could see the launch of these products starting this year.
India: Renault-Nissan’s new Global Hub?
Nissan is already exporting the India-made Magnite to the global markets. There are also talks of a left-hand drive version of the Magnite which is in development and will be exported to European markets. The six new products will be heavily localized and produced in India and exported globally. A big chunk of the ₹5,300 crore investment will go towards employing 2,000 staff members at the Chennai plant.