CCI approves Renault’s proposal to buy out Nissan’s 51% stake in Indian joint venture
By Unnikrishnan | 31 Jul 2025
Market watchdog Competition Commission of India (CCI) has approved French auto maker Renault group's proposal to buy out the 51 per cent equity stake of Japanese automaker Nissan in their Indian joint venture, Renault Nissan Automotive India Pvt Ltd.
As per the proposal, Renault Group B V and its nominee Renault SAS will acquire all outstanding equity shares and fully paid-up zero coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd in the joiny venture.
The buyout is part of Nissan’s strategy to exit the joint venture with Renault Group B V across geographies and markets, CCI stated in a release.
Renault Group B V is a global automaker, engaged in the designing and manufacture of passenger cars and light commercial vehicles while Renault SAS provides support in construction, maintenance and equipment as also manufacture of parts.
Renault did not disclose the value of the transaction, which involves the transfer of the alliance's Chennai-based production facility, that manufactures both Renault and Nissan brands.
Following the transaction, Renault will own 100 per cen of the joint venture’s assets and operations in India. Nissan will continue to use RNAIPL for sourcing vehicles for domestic sale and for exports.
Renault and Nissan will continue to jointly operate Renault Nissan Technology & Business Center India (RNTBCI) where Nissan has a 49 per cent stake.
The company, however, did not disclose the financial details of the transaction.