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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 ..
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
French auto major Renault Monday launched the updated version of its popular SUV Duster in India, priced between Rs 8 lakh and Rs 12.5 lakh (ex-showroom). The new Duster is equipped with 25 brand new features and technology enhancements, including Apple CarPlay, Android Auto infotainment with voice recognition and EcoGuide along with safety features such as Electronic Stability Program (ESP) and Hill-Start Assist, Renaut India said in a statement. The model is available in two engine options of 1.5 litre petrol and 1.5 litre diesel. While the petrol version has an option for CVT automatic transmission, the diesel also has an automated manual transmission option, the company added. Commenting on the launch, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said, "Duster plays a pivotal role in our product portfolio and has the widest offering in the segment, enabling us to cater to evolving customer needs. We are confident that the new Duster will ...