Renault-Nissan to invest Rs 5,300 crore in TN for SUVs and EVs
Carmakers Renault-Nissan, on Monday, announced they will invest Rs 5,300 crore over the next five years to modernise their sprawling manufacturing unit in Oragadam near Chennai to roll out electric four-wheelers and launch six new models for the domestic and export markets.
The first of the six models – two of which will be battery-operated electric vehicles (EVs), will be launched in 2025. Of the six new models, Nissan and Renault will launch three each, including four sports utility vehicles (SUVs) – all will be available in India and exported to key markets across the globe.
