Nissan Renault Alliance

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

Both Japanese automakers have been hit hard in key market China by consumers' shift to low-priced, software-loaded EVs produced by Chinese brands such as BYD

Both companies to unveil a five-seater and a seven-seater SUV each

Renault and its alliance partner Nissan will pump nearly $600 million in India over the next three years in a bid to boost its sales

Renault earlier this year agreed to lower its stake in Nissan to help smooth over frictions that emerged after the 2018 toppling of former alliance chief Carlos Ghosn

French automaker Renault is looking to re-enter the robustly growing mid-sized SUV segment in India as it gears up to drive in three new models in the country by 2025, as per a top company official. The automaker, which sells three models in the domestic market, aims to introduce two internal combustion models and one electric vehicle by 2025. In an interaction with PTI, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said the company is looking to enter the segment with a lot of innovations. Renault currently sells three models -- Kwid, Triber and Kiger--in the Indian market. "The three (existing models) will continue...And then the new products will come in..We will go into the four plus metres segment, 4.3 metres basically," he noted. The company will get into the segment which already has many established models like Creta, Seltos and Grand Vitara. "And hopefully we are trying to enter with the way we entered with Duster, we will also enter int

The UK has been struggling to attract investment from the auto industry in the aftermath of Brexit

Diesel engine vehicles have seen a steep hike in prices after the second phase of BS-VI norms was implemented by the government

The two will produce six new vehicles in the South Asian nations- including two electric cars - for domestic and international customers

Nissan and Renault have changed their mutual cross-shareholdings equal at 15 per cent, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4 per cent stake in Nissan Motor Co. It will transfer shares equivalent to a 28.4 per cent stake to a French trust, so it will hold a 15 per cent stake in Nissan, just as Nissan holds 15 per cent of the French automaker, according to the companies. The disparity between the holdings was a cause of friction, especially after Nissan became far more profitable than Renault. The cross-national alliance, creator of the Leaf electric car and Infiniti luxury models, remains one of the world's top auto groups. But it has had its ups and downs since it began in 1999, when Renault sent one of its executives, Carlos Ghosn, to then-struggling Nissan to lead a turnaround. Ghosn first served as Nissan's chief executive and later its chairman before he was arrested in late 2018 on various financial miscond

Executives have discussed Renault's carve-out plan and reshaping the pair's two decade-old alliance since February during meetings in France and Japan.

At a time when the workers of two car manufacturers are negotiating severance package and wage revision, Hyundai Motors India Ltd has announced the inking of wage agreement with its worker's union

The architect of the Renault-Nissan auto alliance has been fighting multiple probes since fleeing in late 2019 to Lebanon from Japan, where he faced separate financial misconduct allegations

Magnite has so far received over 1 lakh customer bookings in domestic and export markets, Nissan India said in a statement

The Madras High Court has ordered the Tamil Nadu government to have supervision at Renault Nissan Automotive India Private Ltd so that the workmen are not forced to work risking their health

Nissan is looking to sell some or all its 34% stake in Mitsubishi, Bloomberg News reported, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault

Ghosn, who also ran French carmaker Renault SA, has been in Lebanon since January after fleeing Japan before he was due to stand trial