Renault to buy Nissan's stake in India manufacturing unit, taking full ownership
Published by Global Banking & Finance Review®
Posted on March 31, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 31, 2025
1 min readLast updated: January 24, 2026
Renault acquires Nissan's 51% stake in their Chennai plant, taking full ownership. This move follows a $600 million investment deal for new models.
(Reuters) -Renault Group said on Monday it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp, taking complete ownership of the manufacturing plant.
Located in the southern Indian city of Chennai, RNAIPL began operations in 2010, with Paris-based Renault and Japan-based Nissan holding a 30% and 70% stake, respectively.
Nissan's stake was reduced to 51% as part of a deal in 2023 to jointly invest $600 million to make six new models in India.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Shilpi Majumdar)
The main topic is Renault acquiring Nissan's 51% stake in their joint manufacturing plant in Chennai, India.
Initially, Renault held a 30% stake and Nissan a 70% stake, which changed to 51% for Nissan in 2023.
This acquisition allows Renault to have complete control over the Chennai manufacturing plant, enhancing its production capabilities in India.
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