Nissan, Renault to invest $600 million to make new models in India

Nissan and Renault said connected Monday they would invest $600 million to make six new models in India.

The Japanese and French automakers volition enactment connected the projects from their basal successful Chennai, turning it into an export hub, they said successful a statement.

The six models, with each automaker making three, volition beryllium built connected associated platforms and volition besides beryllium exported, they said. The new models will dwell of 2 electrical vehicles, the archetypal EVs to beryllium rolled retired by the automakers in India, and 4 sports inferior vehicles (SUVs).

The automakers past week unveiled details of their redesigned confederation and gave details of new joint projects successful Latin America, India and Europe.