Renault Triber 2025 Unveiled – Smart Features, Same Practical Value
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Time of India
a day ago
- Time of India
Revving up: Renault gets keys to Nissan's TN plant
Renault has bought its partner Nissan 's 51 per cent stake in its joint venture plant near Chennai, four months after announcing the deal. With the completion of the acquisition, the French auto major has become the sole owner of the Oragadam facility in Tamil Nadu. Renault expects to strengthen its sales in the Indian market and step up exports. Japan's Nissan, which has struggled to gain market share in India, will now pay Renault to manufacture its models at the Chennai plant in a contract manufacturing arrangement. "India is a key market for Renault Group and 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," said Renault Group CEO Francois Provost. Since its launch in 2010, the Chennai plant has produced over 2.8 million vehicles - including 1.2 million exported to more than 100 countries - as well as 4.6 million engines and gearboxes. Supported by nearly 300 local suppliers, the plant has an annual production capacity of over 400,000 vehicles and it is currently using nearly 50 per cent of it. Renault expects the capacity utilisation at the plant to improve as new models for both Renault and Nissan roll out of Oragadam. The plant is preparing to host Renault Group's new multi-energy modular platform, which will "support the Renault brand's future models", a statement said. Renault has appointed Stephane Deblaise as its India CEO effective Sept 1, 2025 to lead the next phase of the French auto major's strategy here. The new strategy is bullish on the local market's importance in the group's global strategy. "Renault Group looks to India as a key driver of international expansion" the statement said. It added that this move is part of a broader momentum, highlighted by the opening of the group's largest design centre outside France, announced in April, and the launch of the new Triber - the first model in a product offensive that will include four new vehicles.
Time of India
a day ago
- Time of India
What are the main issues facing new Renault CEO Provost?
Incoming Renault CEO Francois Provost will take the helm of the French automaker at a time when it is beginning to show cracks in its recent success, revising down its full year profit forecast earlier this month due to weaker sales volumes. Below are some of the challenges ahead for Provost when he takes over on Thursday: Tougher competition While Renault has been largely protected from U.S. tariffs because it does not sell in the United States, it has been indirectly hit by increased commercial pressure as European competitors looking for new markets outside the U.S. step up efforts to sell in the French firm's home region. The company reported zero growth in second quarter sales volumes, and warned of weak sales performance in June. It is also facing rising competition from Chinese entrants, both in electric vehicles and hybrids. Analysts at Barclays say Renault may have seen slower price-mix momentum in the first half of the year. The company is scheduled to report full results for the first half on Thursday. Dependency on Europe and cars With sluggish growth in Europe where Renault sells more than 70% of its cars, it needs to expand in emerging markets. It has already outlined plans to invest 3 billion euros ($3.4 billion) to launch eight new models under the Renault brand for non-European markets by 2027. It will also target developing less cyclical businesses beyond autos, such as EV charging and financial services, as part of a mid-term strategy which former CEO Luca de Meo had aimed to unveil later this year. Too small, less independent Conscious that its small size does not allow it to fund the development of electrified and autonomous vehicles, Renault has set up numerous partnerships, including with China's Geely in Korea and in combustion and hybrid engines around the world, and with Volvo Group in electric vans. However, this strategy has raised concerns among unions that the company could lose its in-house know-how and its independence. Renault, ranking only 15th in volumes globally, is frequently the subject of rumours of a tie-up with larger peer Stellantis. Partnerships with Geely also have some worried about potential leverage by China, though Renault's main shareholder, the French state, says the tie-ups do not compromise the company's ability to remain independent. A high place of launches Under de Meo, Renault launched one of the biggest product renewals in its history, with a record 10 launches and two facelifts last year. It is planning another seven launches and two facelifts in 2025, including of the Renault 4 and the Dacia Bigster, and eight more in 2026, according to sources familiar with the matter. Key to increasing market share, new launches also require significant investment in marketing and industrial fine-tuning to deliver cars on time, at the right quality. Van hoes A leader in Europe's high profit commercial vehicles market, Renault's van sales plunged by 29% in the first half due to a softer economy, and an overhaul of its models and product offering. Getting back to investment grade One of Renault's top priorities is to get its credit rating back to investment grade to attract new investors, while also boosting its market cap, currently only at 10 billion euros versus Stellantis' 23 billion euros. Renault's debt is rated Ba1 by Moody's and BB+ by S&P Global, one notch below investment grade. Nissan Since starting to rebalance its partnership with Nissan in early 2023, Renault has done three share sales, and reduced its stake in its Japanese partner to 35.7% (17.05% held directly and 18.66% via a trust). It will need to find the right time to sell more, made more challenging by Nissan's financial and operational difficulties. It will also play a role in Nissan's overhaul, particularly if the Japanese company decides to sign a strategic partnership with another manufacturer. Renault opposed recent plans for a tie-up with Honda because it considered the financial terms were not generous enough.
Hindustan Times
2 days ago
- Hindustan Times
Auto recap Aug 1: Honda Elevate Elite Pack launched, Volvo XC60 launched and more
The automotive industry is evolving rapidly, making it tough to keep track of every new update. At HT Auto, our goal is to bring you the most relevant and timely news as it happens. Here's a quick roundup of the key highlights from Friday, August 1. Honda Elevate Elite Pack launched Honda Cars India has launched a new 'Elite Pack' for the Elevate SUV, enhancing select variants with added features. As part of 'The Great Honda Fest' campaign, this pack includes a 360-degree camera and seven-colour ambient lighting—offered at no extra cost. Prices for the Honda Elevate start at ₹11.91 lakh (ex-showroom). Additionally, Honda is making the 360-degree camera available as an accessory for both the Amaze and Elevate. This feature, offered at an additional cost, will be installed at the dealership and comes with a two-year warranty from the supplier, effective from the date of purchase. Also Read : Honda Elevate Elite Pack launched with 360-degree camera, ambient lighting Nissan teases upcoming 7-seater MPV Nissan Motor India has released a new teaser hinting at an upcoming model currently in development, which is widely believed to be its forthcoming MPV based on the Renault Triber. The Japanese automaker had previously confirmed plans to introduce a new B-segment MPV as part of its future lineup in India. This new model is expected to make its official debut later this year, with a market launch likely in 2026. While the teaser doesn't reveal much, earlier announcements have provided some insight. The upcoming three-row, seven-seater MPV will be built on the CMF-A+ platform—the same architecture used by the Renault Triber. However, Nissan aims to give it a unique identity with a distinct exterior design and a refreshed interior layout, rather than opting for a straightforward rebadge. Also Read : Nissan drops new teaser: Is this the upcoming Renault Triber-based 7-seater MPV? Volvo XC60 facelift launched Volvo Auto India has introduced the updated XC60 SUV in the country, with prices starting at ₹71.90 lakh (ex-showroom, introductory). After its global debut earlier this year, the refreshed luxury SUV has now arrived in India featuring a revised exterior, upgraded features, and improved in-cabin technology. This is the second facelift for the XC60, aimed at keeping it relevant in the highly competitive luxury SUV segment. Volvo highlighted that the XC60 remains its best-selling model in India, contributing to the SUV's global sales of over 2.7 million units. Like the rest of Volvo's India lineup, the new XC60 is assembled at the brand's Bengaluru facility and is offered as a Completely Knocked-Down (CKD) unit. Also Read : Volvo XC60 facelift launched in India at an introductory ₹71.90 lakh Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
