Renault-Nissan inaugurated its manufacturing plant in Chennai in which the two partners will together be investing Rs. 4,500 crore to produce four lakh units by 2015.
“The all-new plant in Chennai is an intangible symbol of out growth strategy in India. The plant will play a very important role in our global alliance,” Renault-Nissan alliance chief Carlos Ghosn told reporters “.
The alliance has made an initial investment of Rs. 2,900 crore with a capacity of 200,000 units annually that can be scaled up to 400,000 units. It has already started trial production at the plant and will be rolling out the latest generation compact car Micra from the Nissan stable, which will be available in the India by July this year.
The Micra will be produced in five countries –Thailand, India, China and Mexico. The fifth location is yet to be decided. It will be exported to over 100 countries.
Source: ET
Image Source: Hindu, Carwale
