The BS-VI version of Duster will be available with a 1.5-litre petrol engine and a 5-speed manual transmission in three variants
Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters
The auto maker is also gearing up to bring a mass segment EV in India within the next two years
Renault said in a statement it suffered net losses of 141 million euros ($152 million)
With base in South Africa, Renault also plans to sell the model, which comes with a one litre petrol engine and flexible seating arrangement, in other parts of the African continent.
Ghosn was arrested in November 2018 on charges of financial wrongdoing, and faced trial in Japan until making a dramatic escape to Lebanon at the end of December
Stating that the Kwid could drive in as the first EV in India because of its "awareness and familiarity" with the market, Cambolive said it will have to be localised.
Renault recently also commenced exports of the MPV to South Africa and SAARC region
Now, Nissan is considering shutting two plants permanently, on top of the reductions at the 14 other sites
The year 2019, a breakthrough year for business, saw both fortunes being built and destroyed. Business Standard lists top 10 business personalities from across the globe who made headlines in 2019
Ghosn, 65, was arrested in Tokyo in November 2018 on charges of financial misconduct
Renault ranked amongt the top 5 auto brands in November and December.
The company had sold 7,263 units in the same month a year ago, Renault India said in a statement
The former industry heavyweight also has French and Brazilian citizenship.
Starts exports of Triber to South Africa, plans to launch three new vehicles by 2022, including a sub-4-meter SUV in H2 of next year, and an EV by 2021
The company has already sold over 20,000 units in the domestic market since its launch in August this year
French auto major Renault on Wednesday announced a partnership with Castrol India for supply of exclusive aftersales engine oil lubricants in India. The partnership with Castrol India, leading automotive and industrial lubricant firm, will start from January 1, 2020, the company said in a statement. This announcement is an extension of a global strategic partnership between Groupe Renault and Castrol, it added. The two partners will also combine their expertise to deliver a jointly branded product range and premium experience to Renault customers, the company said. Commenting on the partnership, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said, "I am confident that Renault and Castrol's strong and growing partnership will enable us to combine the excellent skills and knowledge across both organisations to explore new opportunities in India's rapidly evolving market." Sandeep Sangwan, who will take over as Castrol India Managing Director with ...
Renault has built a reputation for no-frills cars that hold up well on Indian roads
One of the new CEO's big tasks is to salvage ties with Renault, which have deteriorated since Ghosn's ouster as chairman of both companies
Renault, along with alliance partner Nissan, is still reeling from the arrest in Tokyo last year of former boss Carlos Ghosn on allegations of financial misconduct.