Renault Group completed the acquisition of remaining 51% stake in Renault Nissan Automotive India from Nissan for $339.3m.

Renault Group, a French automotive company engaged in automobile manufacturing, electric and hybrid vehicles, and mobility services, completed the acquisition of remaining 51% stake in Renault Nissan Automotive India, an automotive manufacturing company engaged in automobile production, assembly, and engineering support, from Nissan Motor, a Japanese automotive company engaged in automobile manufacturing, electric vehicles, and automotive technology development, for $339.3m. “This Framework Agreement, beneficial for both parties, is the proof of the agile and efficient mindset of the new Alliance. It also confirms the attractiveness of our products with Twingo as well as our ambition to grow our business on international markets. India is a key automotive market and Renault Group will put in place an efficient industrial footprint and ecosystem,” Luca de Meo, Renault Group CEO.