Renault-Nissan will recruit 5,000 people in 3 years

Published on Thu, Sep 25, 2008 at 09:02 |  Source : Business Line

Updated at Thu, Sep 25, 2008 at 09:10  

23001 Investors following Bajaj Auto. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

ALSO READ

Mumbai, Sept. 24

French carmaker Renault with its joint venture partner Nissan is looking to recruiting 5,000 people in India in three years, said Mr Sylvain Bilaine, Managing Director, Renault India.

"Our current manpower is just below 850. We have recently recruited around 50 people at senior level at our plant in Chennai. We will start production with 1000 people," he said.

Renault-Nissan's Rs 4,500-crore car plant with the annual capacity of 4 lakh will be commissioned in the first half of 2010.

Talking to the reporters on the sidelines of the inauguration of Renault Design India studio in Mumbai, Mr Bilaine said that Nissan's auto component sourcing from India is close to € 200 million now. Earlier the company had set a target of sourcing components worth € 100 million but revised it due to the cost advantage in the context rising input cost across the globe. "We have a lot of pressure to get more (components) from India. We are negotiating very good deals, especially with casting and forging companies," he said. Currently Renault has 55 suppliers.

"We have a logistics platform in Pune. We are now making shipment mostly to our facilities in South Africa, Turkey and Korea," he said. About the cost advantage of sourcing from India, Mr Bilaine said the price difference helps company achieve net benefit of 15 percent.

contd on page 2...

  

Trending News

Business News

Indian PC market growth sluggish in Q1; Lenovo tops the list
Reebok execs named in Rs 870 cr fraud denied anticipatory bail "Reebok execs named in Rs 870 cr fraud denied anticipatory bail"

KKR in way of CSK's hat-trick of IPL titles

Rel Comm Q4 Cons Net Revenue Up 5% At `5,310 Cr (QoQ)

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 27 2012, 11:52 | Source: CNBC-TV18

Expect to maintain EBIDTA margin ahead: Wockhardt  

May 27 2012, 11:00 | Source: CNBC-TV18

e-commerce market in India: What's in store?  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!