Besides, it also aims to double sales and services network in the country in order to support new products and also its existing customers
The union is expecting to negotiate further to arrive at a final bonus amount, said sources
It is powered by a one-litre petrol engine and comes equipped with various features including four airbags
Triber will be a sub-4-meter car with three rows and a seating capacity of up to seven
In a statement, the Japanese firm said it had received a letter from Renault "indicating intention to abstain from voting"
Senard pressed Nissan for a merger it didn't want, then pursued a mega-deal with Fiat Chrysler Automobiles without telling the Japanese company
Renault's current major partnership is with Japan's Nissan, in which it holds 43 per cent
Talk about fusion or shareholding changes between Renault, Nissan and Mitsubishi was 'reopened a bit dramatically and wasn't necessary,' Senard said
The Financial Times newspaper reported that both Nissan and the Japanese government have refused to engage in merger talks with Renault
Company's new country CEO says if Renault becomes profitable, there will be a cascading effect on other organisations
Renault will start with a slew of new products that will be launched over the second half of this year and next year, apart from giving facelifts to the Kwid and Duster
Renault's new chairman Jean-Dominique Senard, elected after Ghosn resigned, arrived in Japan for talks with partner Nissan in a bid to smooth relations which grew strained under Ghosn's leadership
Ghosn won't benefit from a non-compete agreement that would have paid him two years' compensation
Renault will scrap around 460,000 performance shares attributed to Ghosn since 2014-15
The change will be effective from March 1, 2019, the company said in a statement
Renault's board will meet today to replace Ghosn, in a move that could help ease tensions with alliance partner Nissan following Ghosn's arrest in Japan for alleged financial misconduct
The French government confirmed the board was being asked to name outgoing Michelin boss Jean-Dominique Senard as chairman and Ghosn's deputy Thierry Bollore as chief executive
The decision, two months after Ghosn's arrest and swift dismissal as Nissan's chairman, turns a page on his two decades at the helm of the partnership he transformed into a global carmaking giant
Nissan fired Ghosn as chairman three days after his detention, but Renault has resisted pressure to dismiss him
Some of the carmakers such as Maruti Suzuki, Skoda, Isuzu and Toyota Kirloskar have already announced hiking their vehicle prices from January