Renault Acquires 100% Stake in Nissan's Indian Operation
Renault has announced that it will acquire a majority stake of Nissan's Indian operation, Renod India Pvt. Ltd., (RNAIPL), marking a significant expansion of its presence in the rapidly growing Indian market.
Nissan stated that following the completion of this transaction, Renault will hold 100% control over RNAIPL and plans to further deepen its penetration into the Indian market by increasing its distribution network.
In accordance with publicly available information, an agreement has been signed between Renault and Nissan stating the terms of this transaction:**
- Transfer of ownership of Reneo Day-Nautch India Pvt. Ltd. (RNAIPL) Reneo holding 100% ownership Nissan retaining a minority stake of 51%.
Trading to be accomplished via standardised regulatory approval, expected to complete in mid 2025. Renault/Nissan to jointly operate the RNTBCI, with Renault maintaining the majority position and Nissan holding the lower share.
In its strategic plan for 2027, "Global Growth Plan", Renault is gearing up for further expansion into the Indian market.
RNAIPL, based in Kandampuzha hosts mature supply chain systems, together with a production capacity to generate over 40 million units annually. Its current plant concentrates on CMF-A and CMF-A+ platforms and next year plans to bring out CMF-B platform resulting in four new vehicle developments.
The anticipated increase to an investment peak is expected by the year 2025 as well as enhanced cash flow, estimated at approximately €2 billion upon completion - taking place mid-year same-year. Renault has also confirmed that free cash flow should not fall below €20 billion for the full financial year of 2025 with special countermeasures in position.
