Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models

Alliance announces country plan to increase production, scale up research and shift to carbon-neutral manufacturing

Nissan Motor Co and Renault SA, the automakers that revamped their global alliance last week, on Monday said they would invest Rs 5,300 crore in India to launch six models, including two electric vehicles (EV).

The companies announced a new long-term plan for India that will increase production, scale up research and development and shift to carbon-neutral manufacturing. The Renault Nissan alliance will use their base in Chennai to make the six vehicles for domestic and international customers.

The two companies said that each would make three new models on joint platforms while retaining the individual, distinctive styling of the