Nissan-Renault

Renault currently owns 35.7 per cent of Nissan, with 17.05 per cent held directly and the rest through a trust

Renault currently owns 35.7 per cent of Nissan, with 17.05 per cent held directly and the rest through a trust

Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10 per cent from 15 per cent

French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL). "The proposed combination relates to the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd Japan and Nissan Overseas Investments B V in the target (RNAIPL) by acquirer 1 (Renault Group B V) and its nominee, acquirer 2 (Renault SAS)," a notice filed with the Competition Commission of India (CCI) said on May 16. Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and ..

Nissan Motor India declined to comment on the matter. Honda Cars India too did not comment

Renault has decreased its stake in Nissan from 43% in 2002 to 15% in 2023, aligning with Nissan's 15% non-voting stake in Renault

Japanese auto major Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite. The company has also unveiled the latest version of its premium SUV X-Trail, which will be imported into the Indian market as a completely built-up (CBU) model. "India is an important market for us, and we will be going in for a product offensive over the next two and half years, between FY24 and FY26," Nissan India President Frank Torres told PTI in an interaction. He noted that the company is looking at tripling its sales volume in the domestic and export markets by FY26. "In the next two and half years, we will enhance three times our volume in domestic as well as exports," Torres said. The .

The French carmaker reported a group share of net profit of 888 million euros ($1.0 billion), beating expectations from the analysts polled by Refinitiv

Only the Renault-Nissan factory will be inspected as unions at other automakers have not raised objections

Ghosn's vanishing act throws up a distraction just when the new CEO needs to be laser focused.

The company retained its boss, Saikawa, as he planned to launch a fresh start for the firm

Nissan-Renault alliance strained with Ghosn still in jail