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LATEST NEWS
Auto
Renault, Nissan mull plans for India
Posted online: Tuesday, March 06, 2007 at 1639 hours IST
 
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MUMBAI, MARCH 6:  Car makers Renault SA and Nissan Motor Co have met with Indian components vendors to finalise supplies ahead of their planned launches, a senior Nissan India official said on Tuesday.

"We met with vendors last week and are working on our plans for India," said Niraj Garg, a Director at Nissan Motor India.

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"We are clearly interested in compact cars, and they will be a big part of our plan," he said, declining to give more details.

Earlier, a business daily said Nissan would launch 8 cars and partner Renault three cars in India in the next few years.

Nissan, Japan's third-biggest auto maker, last week said it would join an alliance of Renault and India's Mahindra & Mahindra Ltd to invest in a $905 million car project in South India with a capacity to make 400,000 units in seven years.

Production will start in the second half of 2009.

Renault, which owns 44 per cent of Nissan, said at the time it would initially make products on the Logan platform and may include other models later.

Renault already has a joint venture with Mahindra to make 50,000 units of the no-frills Logan sedan from 2007 in a Mahindra plant in western India. Renault will sell its new cars through the Mahindra-Renault joint venture, while Nissan will use its own sales network in India for its cars made in the new plant near Chennai.

Nissan has a separate agreement with Suzuki Motor Corp under which Suzuki's India unit, Maruti Udyog Ltd, will make 50,000 compact cars, mostly for exports.

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