Renault, Nissan Amend Partnership Terms, Expand Control in India

Renault and Nissan have announced significant amendments to their partnership, including Renault's acquisition of Nissan's 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), making it a wholly-owned subsidiary. This move allows Renault to strengthen its international presence while Nissan retains a focus on the Indian market, where RNAIPL will continue producing Nissan models. Additionally, the agreement includes plans for Nissan to develop a derivative of the Twingo with Renault and adjustments to their cross-shareholding, permitting each company to reduce its stake to 10%. The changes aim to support Nissan's turnaround strategy and enhance value creation for both parties, particularly in the growing Indian automotive sector. Renault expects these developments to have a positive impact on its financial outlook, with anticipated free cash flow of at least €2 billion in 2025. The amendments are part of a broader strategy to foster collaboration and efficiency within the Alliance.