Renault-Nissan inaugurates plant in India
Representing an investment of 45 billion Rupees (€722 million) and with the capacity to produce 400,000 units per year at full ramp up, the new Chennai plant will initially employ 1,500 workers at start of production in May 2010. With a supplier park of six companies in Chennai, the company estimates a total of 6,000 jobs will be created in the region.
The first vehicle to be produced at the plant will be the new Nissan Micra, which is destined for the Indian market as well as for export to over 100 countries in Europe, the Middle East and Africa. In 2011, the plant will start production of the Renault Koleos and Fluence, both destined for the Indian market.
Carlos Ghosn, chief executive of both companies, said: 'With the new Micra, we have the start of a product offensive in India that is supported by a localised manufacturing facility capable of making products for both Renault and Nissan.'
The inaugural ceremony was attended by the representatives of state government led by Dr Kalaignar Karunanidhi, the chief minister of Tamil Nadu.For more of the latest industry news, click here.