New Delhi, April 1 -- Renault Group is set to acquire Nissan's 51% stake in their Indian joint venture, Renault-Nissan Automotive India Private Ltd (RNAIPL), marking a strategic shift in the companies' long-standing partnership. The deal will grant Renault operational control over the venture's production plant, strengthening its presence in the rapidly growing Indian automotive market. This move aligns with Renault's broader global strategy to enhance its market position and streamline operations in key regions. By taking majority ownership, Renault aims to drive product innovation, optimise manufacturing, and expand its footprint in India. The transaction also reflects a recallibration of Renault and Nissan's alliance, as both companies...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.