Company unveils first India plant, eyes localisation | business | Hindustan Times
Today in New Delhi, India
Apr 26, 2017-Wednesday
New Delhi
  • Humidity
  • Wind

Company unveils first India plant, eyes localisation

business Updated: Mar 17, 2010 20:37 IST
Rachit Vats

Renault Nissan on Wednesday unveiled its dedicated vehicle manufacturing plant in Chennai, Tamil Nadu.

As Renault Nissan’s alliance, the joint venture between the French and the Japanese carmaker, takes off in India, it also spells the growing Indo-Japanese trade relations. In 2007, the India had just about 65 Japanese companies operating in the country and has grown to 170 today.

Akira Sakurai, CEO & MD, Renault Nissan Alliance India said, “We will directly employ 1,500 workers and with capacity ramp up this number is expected to grow further. The indirect job opportunities can be around 6000.”

Even for Micra, the compact car from Renault Nissan alliance, most of the parts are locally outsourced. The alliance has roped in 96 suppliers of which around 50 are based in Chennai. The vehicle enjoys 85 per cent localisation and is scheduled to be exported to 100 countries.

Renault-Nissan has refused to divulge the pricing strategy for the 1.2 litre Micra, but divulged it will be competitive. Market sources say that Micra could be priced anywhere between Rs 4 lakh and Rs 4.5 lakh.