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Time of India
3 days ago
- Automotive
- Time of India
Renault in talks with JSW for India partnership as Nissan ties unwind: Report
French carmaker Renault SA is in early talks with JSW Group for a potential joint venture in India, Bloomberg reported, quoting people familiar with the matter, as the French carmaker looks to strengthen its position in one of the world's fastest-growing auto markets while restructuring ties with longtime partner Nissan Motor Co. The discussions, which remain private and may not result in a deal, are part of Renault's broader strategy to deepen its independent operations in India. The company is in the final stages of acquiring Nissan's stake in their jointly owned plant in Chennai, marking a key step in a deal announced in March to reduce cross-shareholding between the two automakers to 10% from 15%. JSW Group, led by billionaire Sajjan Jindal, is already active in the automotive space. It owns a 35% stake in MG Motor India Pvt. through a joint venture with China's SAIC Motor Corp. The conglomerate has broader interests across steel, infrastructure, energy, and electric mobility, and is reportedly seeking to expand its footprint in the electric vehicle segment through new partnerships. Renault sold approximately 38,000 vehicles in India in the financial year ending March 31, representing less than 1% of the country's passenger vehicle market. Despite the modest share, the company has maintained a presence with models like the Kwid hatchback and the Triber MPV, and exports to several African and Asia-Pacific markets from its Indian plant. The French automaker has historically preferred joint ventures for its India operations, starting with Mahindra & Mahindra Ltd., followed by Nissan. The ongoing talks with JSW reflect this pattern of shared ownership in a highly competitive automotive landscape. Live Events Renault has recently opened its largest global design studio outside France at its Chennai technology center. According to the Bloomberg report, the company may finalize its partnership strategy in India after naming a successor to outgoing CEO Luca de Meo, who has focused on improving profitability and expanding into emerging markets.
Time of India
21-05-2025
- Automotive
- Time of India
Renault kickstarts limited-period summer service camp: Dates, discounts & offers
Renault kickstarts limited-period summer service camp. Renault India has kicked off a nationwide aftersales campaign, the Renault Summer Camp . It will be offering customers an opportunity to get their vehicles inspected and serviced with attractive benefits. The service initiative is being held across all Renault service facilities in the country and will run for a limited period from May 19 to May 25, 2025. Renault Summer Camp: Key benefits Customers visiting during this period can avail of a comprehensive vehicle check-up . The inspection includes battery health, fluid levels, indicator lights, air filters, and AC/cabin filters. A complimentary car top wash is also part of the offering. Kia Carens Clavis first drive review: Carens facelift or more | TOI Auto by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo Furthermore, Renault is extending up to 15% discounts on select parts, up to 50% off on accessories, and 15% off on labour and value-added services (VAS). There are also 10% discounts on engine oil changes, extended warranty, and roadside assistance programs. While special tyre offers are in the pipeline, every customer visiting during the camp is assured a free gift. Users of the MY Renault app can enjoy an additional 5% discount on select parts and accessories. The brand also plans to host a range of engaging in-store activities across service centres. Renault India currently operates with a wide network of 580 touchpoints across the country. Renault India's current lineup includes three models: the Kwid, a budget hatchback, the Triber MPV, and the Kiger, a compact SUV. Stay tuned to TOI Auto for latest updates on the automotive sector and do follow us on our social media handles on Facebook, Instagram and X. Discover everything about the automotive world at Times of India .
