Current Affairs - Business - Discussion

Renault Group has announced its decision to acquire Nissan’s remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), making Renault the sole owner of the Chennai-based manufacturing plant. This move reflects Renault’s strategic shift to strengthen its control over manufacturing operations in India, allowing greater autonomy in production and market expansion. The acquisition follows a 2023 agreement in which Renault and Nissan jointly invested $600 million for new models in India. Renault’s full ownership signals a more independent approach to its Indian market strategy.