Jean-Dominique, Chairperson, Renault Nissan Alliance, and Luca de Meo, CEO, Renault, spoke to the media on the 25th anniversary of the 2 companies signing their alliance agreement.New Delhi: The Renault Nissan Alliance, a joint venture between the Japanese automaker Nissan and the French Renault, will launch four new products, with both the companies bringing two new localised 5 and 7-seater SUV models each in India.
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Renault Nissan Automotive India Pvt Ltd is a joint venture between Nissan and Renault in India. The alliance has invested USD 1.8 billion so far. Jean-Dominique Senard, Chairperson, Renault Nissan Alliance, and Luca de Meo, CEO, Renault Group, spoke to the media in India on the 25th anniversary of the two companies signing their alliance agreement.“India is not just a market, it is a vibrant ecosystem of limitless opportunities,” Jean-Dominique Senard said.
Without giving a specific launch timeline, the companies said the new SUVs will be based on the alliance’s Common Modular Family-B (CMF-B) platform and will come to the markets no later than 2025. The new platform has already produced about a million cars in the world, localized in South America, Turkey, Romania, and Morocco. And now this will be in India.
Leveraging on its strengths on Renault Nissan Technology & Business Centre India (RNTBCI), which constitutes 2/3rd of its total employees in India, the alliance aims to build its story in the country.
Luca de Meo said, “We are here to prove that India will play an increasingly important role in the alliance and each one of the companies.”
“India is not an easy market for OEMs, it is very competitive. A lot of carmakers had to bite the dust,” he added.
Renault-Nissan together accounts for less than 2% of the share in the Indian market.
Admitting that the new development is somehow late, Meo said, “In the past, the only thing we were focusing on was trying to get the cheapest possible car to get access to mobility, but the market has changed a lot, so we have to be a little bit more creative. We do not aim to overtake Maruti Suzuki or Tata Motors, these are local players who are doing it for their domestic market like anybody would do. These are big boys here.”
“We need to find our secret sauce. We are here to do the right job, and by our means we want to propose to the Indian customers what they want. We just need to justify our presence with a plant and a technical center with sustainable business,” he said.
Renault Nissan Automotive India Pvt Ltd facility in Chennai has an installed annual production capacity of 4.8 lakh units. It produces 2.7 million cars per year, including 1.2 million units being exported to over 100 countries.
Nissan global business plan ‘Arc’: Nissan Motor Company on Monday launched its new business global plan ‘Arc’ where it plans to launch three all-new models in India by FY26 and make the country a hub for exports.
The new plan is split into mid-term imperatives for fiscal years 2024 through 2026, and mid-long-term actions to be carried out through 2030. The company is targeting additional 10 lakh unit sales compared to fiscal year 2023.
Globally, Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be ICE (internal combustion engine) models.
It plans to launch a total of 34 electrified models from fiscal year 2024 and 2030 to cover all segments, with the model mix of electrified vehicles expected to account for 40% globally by fiscal year 2026 and rise to 60% by the end of the decade.
In India, Nissan serves the domestic and export markets via its wholly-owned arm, Nissan Motor India Pvt Ltd (NMIPL), which was incorporated in 2010.
