The Auto Channel
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Renault, Nissan and Mahindra Announce Chennai as the Location for Their 400,000 Capacity Production Site in India - VIDEO ENHANCED

Click PLAY button below for video

CHENNAI, India - February 28, 2008: Renault, Nissan and Mahindra signed a memorandum of understanding at a press conference in Chennai, India, and announced that Chennai has been chosen as a 400,000 capacity production site, producing vehicles for each carmaker and powertrains for Renault and Nissan. Renault, Nissan and Mahindra are committed to investing a minimum of €686 million in the site during the next seven years, with an equity holding of 50% by Mahindra and 50% by Renault and Nissan. The three automakers will optimize production costs through economies of scale thanks to joint investment in plant and infrastructure, as well as purchasing synergies.