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Renault Nissan to bet big on India

Renault, Nissan shake up 24-year-old alliance

The Renault Nissan Automotive Pvt Ltd signed a MoU with the Tamil Nadu government for investing Rs 3,300 crore in the first phase of the investment plan..reports Asian Lite News

The French-Japanese Renault-Nissan alliance will invest $600 million (Rs 5,300 crore) over a five year period in India to roll out more models including EVs and also in the research and development (R&D), said a senior official.

The Renault Nissan Automotive Pvt Ltd signed a MoU with the Tamil Nadu government for investing Rs 3,300 crore in the first phase of the investment plan, a state government statement said.

Announcing the new investment, Nissan Motor Company Director and Chief Operating Officer, Ashwani Gupta, aid the alliance will invest $600 million in the new projects.

He said the new investments will create 2,000 jobs at Renault Nissan Technology & Business Centre at Mahindra World City near here.

Gupta also said the alliance’s India manufacturing joint venture Renault Nissan Automotive India Pvt Ltd having its plant near here will roll out six new models – equally badged between Renault and Nissan – including electric vehicles (EV).

The new models include four new C-segment sport utility vehicles (SUV). Two new A-segment electric vehicles will be the first EVs for both Renault and Nissan in India.

The alliance plant rolls out Renault and Nissan badged cars out of its plant near here.

Gupta also said additional investments will be made in the model Magnite including left hand drive for export markets.

The fresh investments will increase the car plant utilisation to 80 per cent.

According to the Tamil Nadu government, the 4.8 lakh units per annum Renault Nissan Automotive plant currently rolls out about 2 lakh units per year.

The company plans to increase the production by another 2 lakhs per annum that includes launching new models necessitating the fresh investments of Rs 5,300 crore over a five year period.

According to Gupta, by 2025 the entire plant will be powered by renewable power.

The car plant is also targeted to become 100 per cent carbon neutral by 2045 by reducing energy consumption by 50 per cent and 100 per cent renewable power.

Gupta also said the two partners are realigning their shareholdings globally and it will happen here too.

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Business Economy

Renault, Nissan reshape 24-year-old alliance

Renault, Nissan shake up 24-year-old alliance

Under the deal, Nissan will take a stake in Renault’s flagship electric car unit Ampere…reports Asian Lite News

Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance, the media reported.

The announcement comes after months of negotiations between the motor industry giants. In a joint statement, the two firms said they had “rebalanced” their relationship by agreeing that Renault would cut its stake in Nissan, the BBC reported.

Under the deal, Nissan will take a stake in Renault’s flagship electric car unit Ampere.

The companies also said that they will work together on electronics and battery technology, as well as making savings from joint projects in Europe, India and Latin America.

The agreement will see Renault cutting its stake in the Japan’s Nissan from more than 43 per cent to 15 per cent, the same size as Nissan’s stake in its French counterpart.

The companies also said that Nissan will take a stake of up to 15 per cent in Renault’s new electric vehicle venture, Ampere.

Christopher Richter from investment group CLSA said the changes were necessary to keep the two-decade partnership alive, the BBC reported.

“It’s a last ditch attempt to save an alliance where the two partners don’t get along very well,” he told the BBC.

“Hopefully, by equalising their status in the alliance, they can put some of the rancour behind them, and find a limited number of activities where they can cooperate and add value to each other,” Richter added.

The move comes at a time of huge change for the motor industry as it transitions to electric vehicles and adopts new technology.

“We all know that auto firms will be amalgamated into five or six globally, especially due to the big changes occurring in AI technology,” Seijiro Takeshita from the University of Shizuoka in Japan told the BBC.

“In that context, Nissan and Renault need to find a good partner, and that’s what they are, at least nominally. They cannot and do not have the luxury of going alone in this battle,” he added.

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Google, Renault expand ties for ‘software defined vehicle’

Google, Renault.

The companies will develop a set of onboard and offboard software components that are dedicated to the SDV and will grow synergies and use cases related to the group’s “Move to Cloud” strategy…reports Asian Lite News

Google and Renault Group on Tuesday announced to expand their partnership to deliver the digital architecture for the ‘Software Defined Vehicle’ (SDV) for the future.

The ‘Software Defined Vehicle’ will allow for new on-demand services and continuous upgrades to be delivered to the car, building on the existing Android Automotive Operating System and Google Cloud technology collaboration.

The companies will develop a set of onboard and offboard software components that are dedicated to the SDV and will grow synergies and use cases related to the group’s “Move to Cloud” strategy.

“Equipped with a shared IT platform, continuous over-the-air updates, and streamlined access to car data, the SDV approach developed in partnership with Google will transform our vehicles to help serve future customers’ needs,” said Luca de Meo, Renault Group CEO.

“Our strategic partnership with Google will allow us to accelerate our end-to-end digital transformation, from the design of the car to its market launch through its production, and ultimately to bring added value to our customers, he added.

The collaboration on cloud computing, initiated in 2018, is accelerating with the creation of a Digital Twin, a virtual twin of the vehicle that will feature the most advanced AI capabilities.

“Our collaboration with Renault Group has advanced comfort, safety, and connectivity on the road. The announcement will help accelerate Renault Group’s digital transformation by bringing together our expertise in the cloud, AI, and Android to provide for a secure, highly-personalised experience that meets customers’ evolving expectations,” said Sundar Pichai, CEO of Google and Alphabet.

Renault Group will expand its use of Google Cloud technology for the SDV to better manage data capture and analytics, securely and confidentially, as well as software development for the vehicle.

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