Renault Buys Nissan's Stake in India Unit, Taking Full Control
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Renault is set to acquire Nissan's 51% stake in Renault Nissan Automotive India, gaining full control of the unit. The Chennai plant will continue producing Nissan models and is expected to launch the CMF-B platform in 2026. Additionally, Nissan will develop a Twingo-based model in Europe, with production managed by Renault's Ampere. The revised alliance agreement reduces cross-shareholding lock-up to 10% and releases Nissan from investing in Ampere. The deal, pending approvals, is anticipated to close by mid-2025.
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