The Nissan-Renault alliance wants to land a third partner into its Rs 4,500 crore Chennai factory project, which is scheduled to manufacture cars and SUVs by 2010. Earlier Mahindra & Mahindra (M&M) pulled out early last year from the three-way joint venture (JV) citing the lack of synergy. <\/p>\n
After that Nissan-Renault officials invited the Hinduja group company to move its light commercial vehicle (LCV) joint venture project with Nissan to Chennai to better use the plant\u2019s 400,000 unit-a-year capacity. But Ashok Leyland turned down the offer. Nissan has a $500-million joint venture with Ashok Leyland for light commercial vehicles which signed a memorandum of understanding with the local government for a 380-acre new factory in Pillaipakkam, also near Chennai, with 100,000-unit-a-year capacity. It is this project that Nissan-Renault want Ashok Leyland to shift to its Chennai plant. <\/p>\n
Anyway Nissan India spokesperson said ,\u201cNissan is going ahead with its small car plans, while Renault has put its plans on hold due to financial problems. I have no confirmation of anything beyond this,\u201d. <\/p>\n
Renault is going slow on plans to manufacture its new cars at the Chennai factory, Nissan\u2019s India strategy is still on track. At the Chennai plant, Nissan will produce a family of models based on its new A-platform, including the next generation small car, Micra.Also Nissan plans to introduce nine products in India, ranging from the ULC car, a compact car and LCV to higher-end SUVs and sedans, including five locally-built products by 2012. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Nissan-Renault alliance wants to land a third partner into its Rs 4,500 crore Chennai factory project, which is scheduled to manufacture cars and SUVs by 2010. Earlier Mahindra & Mahindra (M&M) pulled out early last year from the three-way joint venture (JV) citing the lack of synergy. After that Nissan-Renault officials invited the Hinduja … <\/p>\n