The company aims to strengthen its sales in the Indian market and expand its exports from this major industrial hub. To support this transformation, Stéphane Deblaise will take over as CEO of Renault Group in India, effective September 1, 2025.
French car maker, Renault Group on Friday said it has completed the acquisition of 51 per cent stake in the Chennai plant — Renault Nissan Automotive India Private Ltd (RNAIPL) — previously held by Nissan, as a step in its international development.
Renault Group now fully owns its Chennai plant, and this strategic move strengthens the Group’s ambition to make India a key pillar of its international growth, the company said.
The company also relies on a leading engineering centre based in India, jointly owned with Nissan, which plays an active role in developing and adapting vehicles to meet the needs of both local and international markets, it said.
“India is a key market for Renault Group. Over the past 14 years, we have successfully established the Renault brand thanks to our dedicated teams and partners, reaching peak sales of over 1,00,000 vehicles sold per year. India also plays a vital role in our global R&D footprint. With full ownership of our plant in Chennai, we now have all the means to accelerate in India,” François Provost, Chief Executive Officer, Renault Group, said.
This move is part of a broader momentum, highlighted by the opening of Renault Group’s largest design centre outside France, announced in April, and the launch of the New Renault Triber — the first model in an ambitious product offensive that will include four new vehicles, he said.
The company aims to strengthen its sales in the Indian market and expand its exports from this major industrial hub. To support this transformation, Stéphane Deblaise will take over as CEO of Renault Group in India, effective September 1, 2025.
“Stéphane Deblaise, with his strong international experience and deep knowledge across our entire value chain, is ideally positioned to design and implement our strategy in the region,” Provost added.
Both, Renault and Nissan in March had announced that they have entered into a share purchase agreement in which Renault Group will own 100 per cent of RNAIPL by acquiring the 51 per cent shareholding held by Nissan. They, however, did not disclose the financial details of the transaction.
All future actions of RNAIPL, including the fate of its employees, will be decided by the new management, they had said.
“Today, the transaction of shares in RNAIPL between Nissan and the Renault Group has been completed, and the Renault Group now owns 100 per cent of the shares in RNAIPL. Nissan and the Renault Group will continue their current projects, and RNAIPL will continue to produce Nissan vehicles. India remains a strategic growth hub for Nissan with new model launches, export potential and a strong engineering presence,” a spokesperson at Nissan Motor India, said.
Published on August 1, 2025
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