Mahindra Renault Limited was a joint venture between India's largest utility vehicle manufacturer Mahindra & Mahindra Limited & Renault S.A. of France (51% & 49% respectively). The joint venture was formed in 2007. On 15 April 2010 Mahindra & Mahindra and Renault together announced restructuring plans by which Mahindra would buy Renault's share in the joint venture[1] and Renault would continue to provide the support for M&M through license agreement and continue to be supplier of key components.
Manufacturing facilities
Mahindra Renault Limited currently has a manufacturing plant in Nashik, Maharashtra with a capacity of 50,000 vehicles per year.[2] Renault-Nissan have invested Rs 4,500 Crores to build a manufacturing plant in Chennai which will have a capacity of 400,000 vehicles per annum divided equally between Mahindra Renault Limited and Nissan Motor India Private Limited.Template:Fact
Models
The Renault Logan was launched 2007 and became the Mahindra Verito after the ending of the join venture in 2010.[3]
Sales and service network
Mahindra Renault Limited uses Mahindra & Mahindra Limited's network for the sales and service of Renault branded vehicles in India. It currently has more than 140 dealerships across 125 cities in 24 states and 3 Union Territories of India.[4]
See also
References
- ↑ Renault and Mahindra Break Up. www.dailymarkets.com.
- ↑ Mahindra Renault to live with Logan reality. Thehindubusinessline.com(2010-01-02).
- ↑ Renault sells stake to M&M in the joint venture(17 April 2010).
- ↑ http://www.loganlovesindia.com/dealerlocator.asp Template:Webarchive
External links
Template:Mahindra Group Template:Cars in India Template:Renault