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RNO Renault SA

-0.355 (-0.93%)
Last Updated: 09:06:03
Delayed by 15 minutes

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Share Name Share Symbol Market Type
Renault SA EU:RNO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.355 -0.93% 37.84 37.825 37.845 37.965 37.42 37.865 142,041 09:06:03

Nissan Motor, Renault to Invest $600 Million in India

13/02/2023 6:18am

Dow Jones News

Renault (EU:RNO)
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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)

Copyright (c) 2023 Dow Jones & Company, Inc.

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