Mahindra Renault Limited
|Successor||Mahindra & Mahindra|
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 April 15. 2010 Mahindra & Mahindra and Renault together announced restructuring plans by which Mahindra would buy Renault's share in the joint venture and Renault would continue to provide the support for M&M through license agreement and continue to be supplier of key components.
Mahindra Renault Limited currently has a manufacturing plant in Nashik, Maharashtra with a capacity of 50,000 vehicles per annum. 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.
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.
- "Renault and Mahindra Break Up". www.dailymarkets.com.
- "Mahindra Renault to live with Logan reality". Thehindubusinessline.com. 2010-01-02. Retrieved 2010-12-30.
- "Renault sells stake to M&M in the joint venture". The Hindu. 17 April 2010. Retrieved 17 October 2012.
- http://www.loganlovesindia.com/dealerlocator.asp Archived August 3, 2010, at the Wayback Machine.
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