Renault & Nissan maintain their
plans for the greenfield plant in Chennai
M&M realigns manufacturing plans
and defers investment in the Chennai automotive manufacturing
plant, while Renault & Nissan maintain their plans for the
greenfield plant in Chennai.
In February 2007, Mahindra &
Mahindra, Renault & Nissan announced their intent to set up a
joint manufacturing facility at Oragadam, outside Chennai and
signed an MOU with the Government of Tamil Nadu.
M&M has since reviewed its plans,
while Renault and Nissan continue to be fully committed to their
industrial development plans.
• M&M will utilize capacity
available at their new plant in Chakan and other existing plants
to meet its medium term requirements and hence shall not
participate in the joint plant at Oragadam. Mahindra shall
continue its Mahindra Research Valley (MRV) at Chengelpet and
MRV test track and tractor plant plans, in Oragadam. It shall
simultaneously evaluate a new automotive plant at Oragadam to
further enhance its capacity. The Chakan plant owned by Mahindra
will manufacture Mahindra as well as Mahindra international
• Renault and Nissan maintain
their development plans for the creation of a new industrial
plant in Chennai. They maintain their long term commitment to
India, with local development including design, engineering,
component outsourcing, manufacturing, etc.