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Renault to Acquire Nissan’s Stake in India Manufacturing Unit

Kumari Sonali

Renault to Acquire Nissan’s Stake in India Manufacturing Unit:

Renault Group has announced that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL) from Nissan Motor Corp, making it the sole owner of the manufacturing facility in Chennai, India. This move comes after a 2023 agreement in which Renault and Nissan jointly invested $600 million to develop six new models for the Indian market.

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