Renault Group has announced a major shift in its strategic operations with the acquisition of Nissan’s 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL). This move positions Renault to fully control RNAIPL, marking a key step in the company’s ongoing global expansion efforts, particularly in the rapidly growing Indian market.
The acquisition, set to be finalized by mid-2025, follows the signing of a framework agreement between the two companies. Under the terms, Renault Group will gain complete ownership of RNAIPL, which will continue to produce Nissan models like the popular Nissan Magnite. Renault Group's decision to fully integrate RNAIPL aligns with its broader strategy of reinforcing its presence in key international markets, particularly in India, which is poised to become an automotive powerhouse.
Renault Group’s CEO, Luca de Meo, expressed confidence in the deal, emphasizing the importance of the Indian market and the company’s commitment to expanding its global presence. “This agreement reflects our strong commitment to the growth of Renault Group and the success of our partnership with Nissan. It is a clear indication of the agility and efficiency of our new alliance,” he stated.
Despite this significant acquisition, Nissan will maintain its presence in India. The Japanese automaker plans to continue expanding its market coverage, particularly by focusing on vehicles suited to the local consumer needs. The partnership between Renault Group and Nissan will remain vital in the production of vehicles for the Indian market, with both companies continuing to collaborate on the development of new SUVs designed for India.
As part of the framework agreement, Renault Group and Nissan have also amended the New Alliance Agreement to allow for greater flexibility in their cross-shareholding arrangements. The new terms will reduce the obligation of maintaining a 15% cross-shareholding to 10% for both companies. Additionally, Nissan will be released from its commitment to invest in Ampere, Renault’s electric vehicle subsidiary, though the two companies will continue working on other approved projects.
This acquisition comes at a critical time for Renault Group, which is heavily investing in RNAIPL’s Chennai-based factory, expected to produce over 400,000 units annually. With the launch of new vehicles based on the CMF-B platform, Renault Group is poised to expand its production capabilities and product offerings in India, further reinforcing its global operations.
Looking to the future, Renault Group will also collaborate with Nissan to develop a Twingo-based vehicle for Europe. This vehicle, designed by Nissan, is expected to be produced by Renault’s electric vehicle division, Ampere, starting in 2026. This agreement reflects the ongoing collaboration between the two automakers in advancing their respective electric vehicle portfolios.
As part of its “International Game Plan 2027,” Renault Group will continue to focus on strengthening its business in India, leveraging its fully integrated operations at RNAIPL to enhance its product offerings and expand its footprint in one of the world’s most dynamic automotive markets.
