Nissan and Renault plan greenfield unit in Chennai

On February 22, global car majors Nissan of Japan and Renault of France jointly signed an MoU with the government of Tamil Nadu to develop an integrated greenfield car plant at Oragadam, near Chennai.

17 Mar 2008 | 4306 Views | By Autocar Pro News Desk

The 50:50 JV sees the two carmakers committed to investing a minimum of Rs 4,500 crore for an installed capacity of 400,000 vehicles per annum. Production is expected to start in the beginning of 2010. The project, a 670-acre state-of-the-art industrial complex, will produce vehicles for each company, plus house ...

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