Nissan And Renault to Invest USD 600M In India For New Model Production

Nissan Motor Co and Renault SA announced on Monday (Feb 13) that they would invest US$600 million in India to produce six new models.

According to a statement, the Japanese and French automakers will work on the projects from their Chennai base, transforming it into an export hub.

The six models, three of which will be produced by each automaker, will be built on shared platforms and exported, they said.

The new models will include two electric vehicles, the first EVs to be introduced by Indian automakers, as well as four sports utility vehicles (SUVs).

Last week, the automakers unveiled details of their redesigned alliance, as well as new joint projects in Latin America, India, and Europe.

Nissan Motor Co., Ltd., also known as Nissan Motor Corporation, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells its vehicles under the Nissan and Infiniti brands, as well as the former Datsun brand, and has in-house performance tuning products (including cars) branded Nismo. The Nissan zaibatsu, now known as Nissan Group, was founded in the early twentieth century.