Nissan Motor Co. with the leading French car manufacturer Renault has established a fifty-fifty joint venture known as Renault-Nissan Automotive India Private Ltd. The venture was established with an investment of over $1.1 billion.
Renault-Nissan Alliance has now established a new manufacturing plant in Chennai, India. This venture will take the Indian car industry to new heights.
Shohei Kimura, managing director of the joint venture, states that the operation will start by 2010 and is expected to produce 400,000 vehicles annually. The alliance is dedicated to produce vehicles for both international as well as the domestic car market.
At the Chennai plant, Nissan plans to start the operation with the production of its leading compact car, Micra. This operation will shift to the Indian facility from its Sunderland plant in Britain by 2010, followed by the production of various other car models that includes sedans, SUVs and small cars.
By 2012, Nissan plans to introduce nine car models in the India. The company promises the production of five out of nine models in the Indian facility and plans to focus in India car market after China.