Renault to acquire Nissan’s 51% stake in Indian manufacturing joint venture
Renault Group and Nissan Motor Corporation have signed a global framework agreement under which the French company will acquire the Japanese carmaker’s 51% stake in their Indian manufacturing joint venture, Renault Nissan Automotive India Pvt Ltd (RNAIPL).
Following the completion of the share purchase agreement between the two firms by the end of June 2025, Renault Group would own 100% stake in RNAIPL. However, the RNAIPL manufacturing facility, located in Oragadam, Chennai, will continue to produce Nissan models for domestic and international markets.
Renault Group and Nissan will continue to jointly operate Renault Nissan Technology and Business Center India (RNTBCI) in which Nissan will retain its 49% stake and Renault Group the remaining 51% stake.
