According to media reports, this announcement has been made after talks that lasted for about four months. Nissan is planning to tie up with other companies apart from Renault. So that it can further increase its market hold.
New Delhi, Auto Desk. Vehicle manufacturing company Renault is going to reduce its stake in Nissan from 43 percent to 15 percent. Nissan said in its statement that the company is now working towards reshaping the relationship between Renaults.
According to media reports, this announcement has been made after talks that lasted for about four months. Companies other than Nissan Renault is planning to enter into an agreement
Renault will have to return 28 percent stake
Under the deal, Renault will reduce its stake in Nissan to 15 per cent, after which it will return the remaining 28 per cent to Nissan. Nissan is planning to invest heavily in the electric vehicle segment. Where the company will launch many EVs in the coming times. Along with this, the company is also making vehicles equipped with hybrid technology.
When will Nishan enter the EV segment in India?
In a conversation with Jagran, Mohan Wilson, director of Nissan Marketing, Product and Customer Experience, shared the company's plan. Where he said that Nissan has a lot of experience and expertise in electrification. We have technology ready, when the market condition is right and customer demand will be more towards EV, then we will launch vehicles equipped with EV technology in India. The good thing is that India is going in the right direction with EVs. Even moving faster than we expected. We have seen that many new initiatives are being taken to promote EVs in India. We are just waiting for the right time when the market is ready for it and Nissan will launch its first EV with the right product.
