Nissan sells its Indian plant to Renault to raise cash [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Yahoo! Finance
sell its 51% stake in their Indian joint venture, Renault Nissan Automotive India Private Ltd (RNAIPL), to its French partner. The transaction is scheduled to be completed by the end of the second quarter of 2025, increasing Renault's stake to 100% and freeing up much-needed cash for Nissan. The Japanese automaker confirmed that RNAIPL will continue to produce Nissan models at the plant in Chennai, including the New Nissan Magnite, and that the plant will continue to “serve as a crucial pillar for the company's future expansion plans,” adding that “Nissan will maintain its presence in India with a strong focus on increasing market coverage.” Nissan pointed out that the sale of its majority stake in RNAIPL represents a major opportunity for Renault to expand its international business, as part of its “2027 International Game Plan” in which the French automaker revealed plans to accelerate its expansion in India. The Chennai plant has a production capacity of over 400,000 vehicles
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