Nissan, Renault to commit $600 million to make new styles in India

Nissan, Renault to commit 0 million to make new styles in India

Renault and Nissan automobile logos are pictured through the Brussels Motor Exhibit on January 9, 2020 in Brussels. (Picture by KENZO TRIBOUILLARD/AFP through Getty Illustrations or photos)

Kenzo Tribouillard | Afp | Getty Photos

Nissan and Renault said on Monday they would invest $600 million to make six new models in India.

The Japanese and French automakers will operate on the jobs from their base in Chennai, turning it into an export hub, they stated in a statement.

The six models, with every single automaker creating 3, will be built on joint platforms and will also be exported, they stated. The new models will consist of two electrical automobiles, the very first EVs to be rolled out by the automakers in India, and four athletics utility vehicles (SUVs).

The automakers previous week unveiled details of their redesigned alliance and gave specifics of new joint initiatives in Latin America, India and Europe.

Nissan shouldn't hold back on investing in electric vehicles, says consulting firm

Source

World

CNBC Daily Open: Breaking the September market curse

September 29, 2025

The Federal Reserve logo is seen on the William McChesney Martin Jr. Building on Sept. 16, 2025 in Washington, DC. Kevin Dietsch | Getty Images September has been far from an ideal month for U.S. stocks for the past several years, with the S&P 500 dropping during the month in four of the past five […]

World

Asia markets trade mixed; Australia central bank starts two-day policy meeting

September 29, 2025

Sydney Opera House, designed by Danish architect Mr Jorn Oberg Utzon, at first light as the sun rises over Sydney harbor and city center skyscrapers. Ucg | Universal Images Group | Getty Images Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to […]

World

Moldova’s pro-EU government edges towards majority in pivotal vote

September 28, 2025

Members of an electoral commission empty a ballot box after polling stations closed in Moldova’s parliamentary elections in Chisinau, Moldova, on Sept. 28, 2025. Stringer | Reuters Moldova’s ruling pro-EU party pulled comfortably ahead of its Russian-leaning rival in a crucial parliamentary election as final results trickled in on Monday, a relief for the government as it seeks […]