Nissan, Renault to invest $600 million to make new models in India
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Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images)
Kenzo Tribouillard | Afp | Getty Images
Nissan and Renault said on Monday they would invest $600 million to make six new models in India.
The Japanese and French automakers will work on the projects from their base in Chennai, turning it into an export hub, they said in a statement.
The six models, with each automaker making three, will be built on joint platforms and will also be exported, they said. The new models will consist of two electric vehicles, the first EVs to be rolled out by the automakers in India, and four sports utility vehicles (SUVs).
The automakers last week unveiled details of their redesigned alliance and gave details of new joint projects in Latin America, India and Europe.
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