New Renault Nissan alliance has made fresh commitments for the Indian market
New Renault Nissan alliance has made some fresh investments along with renewed partnership for the Indian market. They have done an initial investment of Rs. 5300 crores for the new projects. Here are four things to know about this revised alliance –
New Cars
Six new cars have been confirmed for launch with this alliance, three for each company. These three models will be built on the common alliance platforms. However, both the brands will have their distinct design language.
The new products will include two new SUVs and a new electric car. Yes, there will be a new generation Duster and a 7-seater version of it that is likely to be inspired by the Renault Bigster concept. Nissan will also share the same platform like we used to see the Duster Terrano duo in the Indian market.
International Hub In Chennai
The alliance wants to make India as the hub of their exports. The new products will not only be sold in the domestic market but will also be exported to the international markets. For this, the alliance will boost their Chennai plant utilisation to 80 percent. With the increase in production, they will create up to 2000 new jobs at their plant.
Carbon Neutral Vehicle Manufacturing
Renault Nissan Automotive India Private Limited has also announced their roadmap to carbon neutrality. They have an ongoing programme to transition to 100 percent renewable energy. They are also reducing energy consumption at the plant by 50 percent compared to today.
Currently, the plant sources more than 50 percent of its electricity from renewables, including solar, biomass and wind. The existing solar plant will become more than six times bigger, expanding to a 14MW plant from 2.2MW today.
New Partnership
Renault and Nissan are realigning their shareholding in their joint operations. Renault Nissan Automotive India Private Ltd (RNAIPL) will move to an ownership of 51 percent for Nissan – 49 percent for Renault.
Renault Nissan Technology Business Centre (RNTBCI) will move to an ownership of 51 percent for Renault – 49 percent for Nissan.
