Renault will start with a slew of new products that will be launched over the second half of this year and next year, apart from giving facelifts to the Kwid and Duster
Renault's new chairman Jean-Dominique Senard, elected after Ghosn resigned, arrived in Japan for talks with partner Nissan in a bid to smooth relations which grew strained under Ghosn's leadership
Ghosn won't benefit from a non-compete agreement that would have paid him two years' compensation
Renault will scrap around 460,000 performance shares attributed to Ghosn since 2014-15
The change will be effective from March 1, 2019, the company said in a statement
Renault's board will meet today to replace Ghosn, in a move that could help ease tensions with alliance partner Nissan following Ghosn's arrest in Japan for alleged financial misconduct
The French government confirmed the board was being asked to name outgoing Michelin boss Jean-Dominique Senard as chairman and Ghosn's deputy Thierry Bollore as chief executive
The decision, two months after Ghosn's arrest and swift dismissal as Nissan's chairman, turns a page on his two decades at the helm of the partnership he transformed into a global carmaking giant
Nissan fired Ghosn as chairman three days after his detention, but Renault has resisted pressure to dismiss him
Some of the carmakers such as Maruti Suzuki, Skoda, Isuzu and Toyota Kirloskar have already announced hiking their vehicle prices from January
Renault has been weakened, which make it all the more necessary to act quickly
India is among the top 11 markets for Renault
Besides heading Renault, Ghosn serves as chairman of all three carmakers and is described as CEO of their expanding alliance
Renault pledged to maintain its group operating margin above 6% in 2018 despite worsening currency effects that reduced its full-year profit by 300 million euros
MD Sumit Sawhney the govt was expected to come out with some results soon
Renault's mid-term plan shows it growing faster than alliance partner Nissan
In order to fight pollution, old cars need to be phased out for electric cars, says Renault MD
The deal was a victory for Rouhanito as it will help in revitalising an economy hurt by sanctions
Renault shares were up 1.7% in early session trading
It is estimated to gain 4.5 per cent market share in the 3-million units a year domestic car market