Renault is tapping Katrin Adt, a longtime Mercedes-Benz Group AG executive, to succeed Denis Le Vot as head of the popular Dacia brand
Minto is taking over from Luca de Meo, who is leaving for Gucci owner Kering SA
Renault offers only three models in the Indian market at present.
Renault Group will acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp, taking complete ownership of the manufacturing plant
Renault will continue designing its electric Twingo, scheduled to hit the market in 2026.
Tata Motors leads with the Punch EV in 2024, while Maruti Suzuki, Hyundai, Kia, Renault, Mahindra, Mercedes Benz, and Audi among others gear up with their offerings
The Duster gets unique upgrades for the new generation including a bold new design, a new strong hybrid engine as well as ADAS safety tech.
The next-gen Renault Duster comes not only with new styling but new engine options. In fact, while adding new hybrid tech to their petrol range, Renault has done away with the old diesel powertrains.
Renault's new Duster promises rugged charm & advanced tech. With electrified engines & 4x4 options, it's set to conquer global roads, hitting India by 2025.
Venkatram Mamillapalle, CEO & MD, Renault India Operations, said the company needs to see the economics of investments because if it does not get volumes, it is the customer who gets burdened.
The agreements that have been signed today allow us to step into the next chapter of the alliance, said Jean-Dominique Senard, chairman of the alliance.
The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault said.
Renault India Pvt Ltd is a fully owned subsidiary of Renault S.A.S France and has a manufacturing facility in association with Nissan Automotive India Pvt Ltd at Oragadam, located around 45 kilometres from here.
The French carmaker, like most automakers, has been living for months under the threat of regular and drastic price cuts from its U.S.-based competitor.
Geely and Renault are expected to retain equal equity stakes in the new independent entity, the statement said, adding that the new company will be dedicated to internal combustion and hybrid powertrain technologies.
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The fresh round of investments would witness roll out of six new models between the two companies including -- two electric vehicles -- representing the two global brands, Nissan Global chief operating officer and Member, Alliance Board Ashwani Gupta said here.
The alliance announced a three-dimension programme including creation of operational projects in Latin America, India and Europe.
The alliance junior partner Mitsubishi Motors will also consider investing in Ampere, the companies said in a statement.
Renault directors are gathering Sunday followed by Nissan’s board early on Monday, Feb. 6, said the people, who asked not to be identified discussing information that hasn’t been made public. Both boards are expected to greenlight the plans, according to the people.
Renault will reduce its stake from just over 43 percent to 15 percent, the same size as Nissan's stake in its French counterpart, as part of a broad agreement reshaping relations between the firms, Nissan said in a statement.
The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in a previously announced but still-unnamed Geely-Renault powertrain technology company that the automakers are working to establish, the three people told Reuters.
The study by Renault underscores how the French automaker is pushing ahead with electrification plans even as it extends unresolved negotiations with its partner Nissan Motor about investing in an EV unit it plans to carve out from its other operations.
The partnership with Google will also help Renault accelerate its "end-to-end digital transformation, from the design of the car to its market launch through its production," Renault Chief Executive Luca de Meo said in a statement.