PARIS: Renault Group and Nissan have announced new strategic projects, including one where Renault will develop and produce a derivative of Twingo, designed by Nissan.
Renault Group, through Ampere, the first European intelligent EV pure player, would develop and produce a derivative of Twingo, a A-segment vehicle, for Nissan from 2026.
Also, Renault Group would own 100% of Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring the 51%-shareholding currently held by Nissan.
This project represents a key opportunity for Renault to expand its international business.
Nissan will maintain its presence in India with a strong focus on increasing market coverage.
RNAIPL would continue to produce Nissan models, including the New Nissan Magnite.
As part of its “2027 International Game Plan”, Renault Group will accelerate its development in India.
The RNAIPL plant in Chennai benefits from a deep and highly competitive supplier ecosystem and has a more than 400,000 units production capacity.
It currently hosts the CMF-A and CMF-A+ platforms and would offer strong opportunities for further developments with the launch of the CMF-B platform next year, starting with 4 new models to come.
Meanwhile, the New Alliance Agreement would be amended to increase the flexibility of each party regarding their cross-shareholdings by setting the lock-up undertaking at 10% (instead of 15% currently).
Nissan would be released from its commitment to invest in Ampere while continuing the agreed product projects.
"This Framework Agreement, beneficial for both parties, is the proof of the agile and efficient mindset of the new Alliance. It also confirms the attractiveness of our products with Twingo as well as our ambition to grow our business on international markets. India is a key automotive market and Renault Group will put in place an efficient industrial footprint and ecosystem,” said Renault Group CEO Luca de Meo.
"We remain committed to the Indian market, delivering vehicles tailored to local consumer needs while ensuring top-notch sales and service for our existing and future customers. India will remain a hub for our research and development, digital and other knowledge services. Our plans for new SUVs in the India market remain intact, and we will continue our vehicle exports to other markets under the “One Car, One World” business strategy for India," said Nissan president and CEO Ivan Espinosa.
