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13. October 2009

IN - Renault Nissan JV to begin commercial production by May 2010

The JV of Renault and Nissan which has set up a manufacturing facility at Oragadam in Chennai is expected to commence commercial production by May 2010.

According to sources, the production capacity of the Chennai plant is likely to be four lakh cars per year, and it will produce nine models, some of which might be exported to the neighboring countries.

As per report the company had committed to invest INR 4,500 crore in the Chennai plant during the seven year period, commencing February 2008, when it signed a MoU with the Tamil Nadu Government.

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