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Nissan and Renault will spend 320 million dollars for the development of a joint venture in India
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Nissan and Renault will spend 320 million dollars for the development of a joint venture in India
Nissan and Renault will spend 320 million dollars for the development of a joint venture in India
French-Japanese automotive Alliance Renault - Nissan will invest about 320 million in a new Assembly plant in India, Reuters reports with reference to Japanese business media.
The plant, which will produce cars Datsun Nissan and new, more affordable model of Renault, the second half of 2014, will expand production, in Chennai with 400,000 per year to 600,000.
Nissan has decided to revive my old Datsun brand for implementation in emerging markets, planning to release two models of cars each costing approximately 500,000 Japanese yen (are 5.36 thousand dollars. ). It is expected that the new plant will also produce a new model car.
In pursuing this policy, Nissan wants to increase its share in the Indian market, which currently stands at about 1%. Market leaders are Maruti Suzuki, Tata Motors and South Korea Hyundai Motor Co.
The Renault-Nissan Alliance, formed in March 1999, became the first industrial and commercial such partnership between French and Japanese companies. Two automotive company entered into a strategic partnership, exchanging shares, bringing the project to a leading position. Alliance sells products in the United States, Europe, Japan, China and Russia.
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