RENAULT AND NISSAN RENEW COMMITMENT TO INDIAN OPERATIONS THROUGH NEW INVESTMENT AND VEHICLES

Chennai, Yokohama, Boulogne-Billancourt, February 13, 2023 — Renault and Nissan have announced a long-term vision for India, increasing production and R&D activities, introducing electric vehicles, and progressing toward carbon-neutral manufacturing.

From their Chennai base, the companies will collaborate on six new production vehicles for domestic and international markets, including two fully electric vehicles, strengthening Chennai as an international export hub.

An initial investment of around $600m USD / ₹5300 crores INR will support new projects, generating up to 2,000 new jobs at the Renault Nissan Technology & Business Centre in Chennai. Additionally, the RNAIPL factory will transition toward carbon neutrality with a significant rise in renewable energy usage.

Following recent announcements regarding new operational projects under the Renault-Nissan-Mitsubishi Alliance, leadership from both companies outlined the future roadmap for Indian operations in an official ceremony attended by key Tamil Nadu government representatives.

Guillaume Cartier, Chairperson for Nissan’s Africa, Middle East, India, Europe and Oceania region, highlighted the company’s commitment to India, electrification, and environmental sustainability, stating that India will remain central to the Alliance’s future growth.

François Provost of Renault Group emphasized India’s importance in Renault’s global operations, referring to the new project as a major step forward under the renewed Alliance strategy.

According to Mr. S. Krishnan, Additional Chief Secretary, Industries, Government of Tamil Nadu, the Renault-Nissan Alliance has been a key contributor to Tamil Nadu’s position as the automotive capital of India, employing about 15,000 people and driving major manufacturing and R&D initiatives in the state.

The six new models will include three for each brand, built on shared Alliance platforms but retaining distinct brand styling. Four will be new C-segment SUVs and the remaining two will be A-segment electric vehicles, marking the brands’ first EVs for India.

These new models will significantly boost exports from India, increasing plant utilisation to 80% while securing thousands of jobs. R&D expansion at RNTBCI will also add up to 2,000 additional jobs.

The RNAIPL plant aims to achieve carbon neutrality by 2045 through renewable energy expansion and a 50% reduction in energy consumption. The existing solar plant will expand from 2.2MW to 14MW.

The renewed partnership also includes updated shareholding structures: RNAIPL will shift to 51% Nissan and 49% Renault, while RNTBCI will become 51% Renault and 49% Nissan, strengthening autonomy and long-term collaboration.

Nissan AMIEO Chairperson Cartier acknowledged the Tamil Nadu Government’s partnership and commended the local team’s performance, which has reinforced confidence for long-term investments.

Please visit www.nissan.in for more information.