Mahindra Renault
 | |
| Company type | Joint Venture |
|---|---|
| Industry | Automotive |
| Founded | 2007 |
| Defunct | 2010 |
| Fate | Merged |
| Successor | Mahindra & Mahindra |
| Headquarters | Nashik, Maharashtra |
| Products | Automobiles |
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.[citation needed]
Models
The Renault Logan was launched 2007 and became the Mahindra Verito after the ending of the joint 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. 2 January 2010. Retrieved 30 December 2010.
- ^ "Renault sells stake to M&M in the joint venture". The Hindu. 17 April 2010. Retrieved 17 October 2012.
- ^ ":: Welcome to Mahindra Logan ::". www.loganlovesindia.com. Archived from the original on 3 August 2010.
External links
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