Renault Group has announced the complete acquisition of Renault Nissan Automotive India Private Limited (RNAIPL), securing 100% ownership by purchasing Nissan’s 51% stake as part of their strategic partnership.
This initiative offers Renault a significant opportunity to improve its global operations. Nissan will maintain a strong presence in India, focusing on expanding its market reach. RNAIPL will continue to manufacture Nissan vehicles, including the New Nissan Magnite, and will play an important role in the company’s future growth plans.
“We are committed to the Indian market, offering vehicles that meet local consumer demands while delivering exceptional sales and service to both current and prospective customers. India will continue to serve as a center for our research and development, as well as digital and other knowledge services. Our plans for new SUVs in the Indian market remain unchanged, and we will maintain our vehicle exports to other markets under the ‘One Car, One World’ business strategy for India,” stated Ivan Espinosa, President and CEO of Nissan.
“As a longstanding partner of Nissan within the Alliance and its primary shareholder, Renault Group is keenly interested in facilitating Nissan’s swift performance recovery. A pragmatic and business-focused approach was central to our discussions aimed at identifying the most effective methods to support their recovery plan while creating value-driven business opportunities for Renault Group. This Framework Agreement, advantageous for both parties, exemplifies the agile and efficient mindset of the new Alliance. It also reaffirms the appeal of our products, such as the Twingo, and our ambition to expand our presence in international markets. India is a crucial automotive market, and Renault Group will establish a robust industrial footprint and ecosystem,” added Luca de Meo, CEO of Renault Group.
An operational agreement will be signed to continue ongoing projects between Renault Group and Nissan, as well as to outline the two companies’ future relationship.
Nissan intends to continue its partnership with RNAIPL for sourcing in India and export purposes in the coming years. This agreement is subject to standard regulatory approvals, with completion expected by the end of the first half of 2025.
Renault Group and Nissan will continue to collaborate at the Renault Nissan Technology & Business Centre India (RNTBCI), with Nissan owning 49% and Renault Group owning 51%.
In line with its “2027 International Game Plan,” Renault Group intends to expand its operations in India. The RNAIPL facility in Chennai is supported by a strong and competitive supplier network and has a production capacity of over 400,000 units. It currently supports the CMF-A and CMF-A+ platforms and is poised for further development with the introduction of the CMF-B platform next year, which will include four new models.
Once this transaction is completed, RNAIPL will be fully integrated into Renault Group’s consolidated financial statements. As part of significant strategic decisions, the two entities will also manufacture a Nissan-designed Twingo derivative. Nissan’s Twingo, an A-segment vehicle, will be available from Ampere, the first European intelligent electric vehicle pure player, beginning in 2026, demonstrating its expertise and commitment to reducing development costs and timelines.
