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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 ..
Renault Nissan Automotive India Pvt Ltd has completed 15 years of operations, achieving significant milestones since commencing production at its facility near here in 2008, the company said on Friday. The automobile manufacturer had laid the foundation stone for the state-of-the-art manufacturing facility on August 26, 2008, and has crossed several milestones including producing more than 2.5 million vehicles, the company said. Renault Nissan Automotive India Pvt Ltd has a manufacturing facility at Oragadam about 45kms from Chennai. "RNAIPL has now established itself as a leading automotive manufacturer having produced over 2.5 million Renault and Nissan cars in India for domestic and export markets," the company said in a statement. "The plant is also set to continue its exciting journey as it looks to roll out six new models, including two EVs (electric vehicles), over the next few years," the company said. Commenting on reaching the milestone, RNAIPL Managing Director Keerthi
Renault Nissan Automotive on Thursday said it has crossed 25 lakh unit production milestone at its Chennai-based manufacturing plant. The plant is spread over 600 acres and caters to both domestic and export market requirements for Renault and Nissan. Over the past 13 years, the plant has rolled out around 20 Renault and Nissan models from the facility. Besides catering to the domestic demand, the plant has also exported over 10 lakh units to more than 108 destinations including markets in the Middle Eastern countries, Europe, Latin America, New Zealand, Australia, South-East Asia, SAARC countries, and Sub-Saharan Africa. The Chennai-based Renault Nissan Automotive India Pvt Ltd (RNAIPL), the first dedicated Alliance plant globally, started operations in 2010. "Moving to the future, RNAIPL is gearing up to manufacture six new models, three each for Renault and Nissan, as announced under the Alliance investment plan. "We are confident that these cars, engineered and manufactured i
Automobile manufacturer Renault Nissan Automotive India Pvt Ltd was progressing towards its Carbon Neutrality goal which was launched in February this year. The Chennai plant of the company already initiated a campaign to replace single use plastic items with eco-friendly alternatives. Renault Nissan Automotive Pvt Ltd (RNAIPL) in a statement on Sunday said it was making strong progress towards achieving its 2045 Carbon Neutrality goal and it would cross several important milestones by 2030. According to the statement coinciding with the World Environment Day observed on June 5, every year, the roadmap to attain the carbon neutrality encompasses three areas --increasing of share of green energy, aggressively improving efficiencies in energy usage, and continuous adoption of energy efficient technology at its Oragadam plant. As of FY 2022-23, the company's strategy has already allowed the automaker to cut down the equivalent of 87,500 tonnes of CO2 emissions every year. "At RNAIPL,
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. Renault Group will transfer 28.4 per cent of the Nissan shares it owns into a French trust, so its stake will be the same 15 per cent that Nissan Motor Co. has in the French automaker. Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday. The move had been anticipated because of leaks to various media outlets. The Nissan-Renault alliance began in 1999, at a time when the Japanese automaker was in tough financial straits. The disparity was a cause of friction, especially after Nissan became far more profitable than Renault.
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. Renault Group will transfer 28.4 per cent of the Nissan shares it owns into a French trust, so its stake will be the same 15 per cent that Nissan Motor Co. has in the French automaker. Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday. The move had been anticipated because of leaks to various media outlets. The Nissan-Renault alliance began in 1999, at a time when the Japanese automaker was in tough financial straits. The disparity was a cause of friction, especially after Nissan became far more profitable than Renault.
Education technology start-up Skill-Lync on Monday said it has partnered with Renault Nissan Technology & Business Centre India (RNTBCI) for training and up-skilling of professionals. The partnership will drive comprehensive talent transformation programmes and the two partners will launch co-branded programmes to build a talent pipeline for their future needs, the company said in a statement. RNTBCI is the captive automotive technology and business centre supporting automotive alliance Renault and Nissan globally. As part of the partnership, Skill-Lync's students trained in various areas, including electric vehicles, autonomous vehicles, embedded systems, model-based development, automotive design, finite element analysis (FEA), computational fluid dynamics (CFD), and data analytics and data science, will be considered for entry-level and lateral hiring at RNTBCI, depending upon suitable skill sets and requirements. Moreover, internship opportunities will also be provided to ...