CCI approves Renault's deal to buyout JV with Nissan in India

The Competition Commission of India (CCI) has approved Renault Group’s plan to take full control of Renault Nissan Automotive India Pvt Ltd (RNAIPL), marking a significant shift in the global alliance’s India strategy.

On Monday, the CCI said it has cleared the proposed acquisition of equity shares and non-convertible redeemable preference shares held by Nissan Motor Company and Nissan Overseas Investments B.V. in RNAIPL.

The acquisition will be made by Renault Group B.V. and its nominee Renault S.A.S., both of which are ultimately controlled by Renault S.A.

The move comes in the wake of a strategic realignment between Renault and Nissan, announced earlier this year in March, where Renault decided to take over 100% ownership of the Indian manufacturing entity.

RNAIPL, which has operated since 2010, is the central manufacturing base for both Renault and Nissan in India, producing models like the Kwid, Triber, Magnite, and Kiger from its plant in Oragadam near Chennai.

Despite exiting the manufacturing joint venture, Nissan will continue to use RNAIPL’s production facilities under a new framework agreement, allowing both companies to retain independent brand operations while sharing manufacturing infrastructure.

Renault will now manufacture all Nissan vehicles under a contract model—a reversal of roles from the earlier alliance structure, where Nissan held a majority in RNAIPL. 

According to the competition watchdog, the proposed transaction does not raise any competition concerns.

This development signals a new phase for the Renault-Nissan alliance in India, giving Renault greater autonomy and flexibility in production decisions, even as both brands reaffirm their commitment to the Indian market.

It also reflects broader global efforts by the alliance to allow each partner more operational independence while continuing to leverage shared resources in strategic markets.

Both companies will continue to operate Renault Nissan Technology & Business Center India (RNTBCI) under their existing 51:49 shareholding structure.

Renault is planning plans to accelerate product development from its Chennai facility—home to CMF-A and CMF-A+ platforms—by introducing the CMF-B platform next year, starting with four new models.

Meanwhile, Nissan is planning for six new models in India, invest €700 million while targeting to double its sales volume to 2 lakh units by 2026. 

FY2025 closed on a high note for Nissan India, with 99,000 units sold, including 71,000 exports and 28,000 domestic sales, mainly driven by the Magnite.

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