Renault Group has announced plans to acquire Nissan’s 51% stake in their Indian joint venture, Renault Nissan Automotive India (RNAIPL), giving the French automaker complete ownership of the operation.
Despite the ownership change, the agreement includes provisions for continued collaboration between the companies. Nissan will maintain access to the facility for vehicle production both for the Indian market and exports, including manufacturing of the Nissan Magnite.
The companies will also preserve their joint operations at the Renault Nissan Technology & Business Center India (RNTBCI), where Renault will hold a 51% majority stake and Nissan will retain 49%.
As part of the deal, Renault’s electric vehicle division Ampere will develop and produce a new A-segment vehicle based on the Twingo for Nissan beginning in 2026, with Nissan handling the design.
Luca de Meo, CEO of Renault Group, emphasized that pragmatism drove the negotiations: “This Framework Agreement, beneficial for both parties, proves the agile and efficient mindset of the new Alliance. It also confirms the attractiveness of our products with Twingo as well as our ambition to grow our business on international markets.”
Nissan’s president and CEO Ivan Espinosa affirmed the company’s commitment to the Indian market despite the ownership change: “Our plans for new SUVs in the India market remain intact, and we will continue our vehicle exports to other markets under the ‘One Car, One World’ business strategy for India.”
