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

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