Chennai, Aug. 1 -- French automotive major Renault group today announced that it has acquired Nissan Motor Company's 51% stake in their Indian joint venture car plant in Chennai owned by Renault Nissan Automotive India Private Ltd (RNAIPL).
The French group also announced the appointment of Stephane Deblaise as CEO of Renault Group in India, effective September 1, 2025 to strengthen sales in India and also expand its exports.
"India is a key market for Renault Group. Over the past 14 years, we have successfully established the Renault brand thanks to our dedicated teams and partners, reaching peak sales of over 100,000 vehicles sold per year. India also plays a vital role in our global R&D footprint. With full ownership of our plant in Ch...