Renault-Nissan to invest Rs 5,300 crore; 6 new models confirmed

Renault and Nissan have lined-up four new C-segment SUVs and two A-segment electric cars.

Renault and Nissan have announced a new long-term strategy for the Indian market. Both companies will invest in production, R&D and electric vehicles.

Renault-Nissan plans to invest Rs 5,300 crore in India to support its upcoming projects, creating up to 2,000 new jobs at the Renault Nissan Technology & Business Centre in Chennai.

Renault-Nissan has announced six new models for the domestic and international markets. These include four new C-segment SUVs and two A-segment electric cars. The new products will be manufactured at Renault-Nissan’s Chennai plant. With an increase in exports, plant utilization is expected to reach 80%. 

Furthermore, by 2045, the brands aim to transition to 100% renewable energy while reducing energy consumption by 50%. At present, the factory sources more than 50% 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.