Renault buys out Nissan’s 51% stake in India JV, French carmaker to lead with new EV plans

Renault fully owns its Indian production arm. In a strategic step, in one of the fastest growing car markets in the world, the French bus station stated that 51% of Nissan’s joint venture will be in its Indian joint venture – RNAIPL. Despite the undiscovered value, the transaction will make Renault’s sole owner of a Chennai-based factory, an important manufacturing node for both companies.

The transaction ended through a shares purchase agreement. The companies will continue to cooperate through the operational contract in India, which also describes their further relations in the country.

Nissan will maintain access to RNAIPL for domestic and exported vehicle sources in the coming years. The two companies will also keep the joint control of Renault Nissan Technology & Business Center 51% and Renault Holding and Nissan remaining 49%.

Despite the change of property rights, Chennai’s institution will be for central and car programs. It will continue to produce the main models of Nissan, such as Nissan’s new magnet, while supporting the broadest Renault goals under its “2027 International Game Plan”. The site, boasting more than 400,000 units of production, will conduct the CMF-B platform launch in 2026, from four new Renault models.

Renault also stated that by ampere, a subsidiary of its EV, it will develop and produce it for Nissan Twingo, which stems from Nissan.

“This project represents the main chance of Renault to expand international business,” emphasizing the continuous concentration of Nisan on increasing its market coverage in India.

Renault Group Ceo Luca de Meo stressed the cooperative spirit behind the deal.

He added:

After the transaction, RNAIPL will fully unite at Renault’s financial account. The company expects to influence the free cash flow of about 200 million euros in 2025, the peak investment cycle of the year in line with the launch of a new car.

Nissan’s incoming president and CEO Ivan Espinosa confirmed the company’s continued commitment. “India will remain for our research and development, digital and other knowledge services.

(With entries from agencies)