Nissan Motor, Renault to Invest $600 Million in India
13 Febrero 2023 - 12:18AM
Noticias Dow Jones
By Kosaku Narioka
Nissan Motor Co. and Renault S.A. plan to invest about $600
million in India to produce six new models, including two
electric-vehicle models, the companies said Monday.
The six new models will comprise of three for each company on
common platforms and will be engineered and built in Chennai,
India, the French and Japanese auto makers said.
Two new electric vehicles will be the first electric vehicles
for both Renault and Nissan in India, they said.
Additional research and development activities will create up to
2,000 new jobs, the companies said.
The French auto maker recently agreed to reduce its stake in the
Japanese auto maker to 15% from 43% and retain a 15%
cross-shareholding with Nissan, as part of the alliance's
reorganization.
The alliance's new initiatives include operational projects in
Latin America, India, Europe, they have said.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 13, 2023 01:03 ET (06:03 GMT)
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