Renault and Nissan Unveil Strategic Ventures

Renault Group and Nissan have disclosed new strategic initiatives aimed at strengthening their alliance and international market presence. Renault will fully acquire Renault Nissan Automotive India Private Ltd (RNAIPL) by purchasing Nissan's 51% stake. This acquisition positions Renault to expand its operations in India, while RNAIPL will continue producing Nissan models such as the New Nissan Magnite.

Nissan will collaborate with Renault to develop a derivative of the Twingo model for the European market. The companies also signed an amendment to the New Alliance Agreement, lowering the cross-shareholdings lock-up from 15% to 10%, enhancing operational flexibility.