Renault and Mahindra on November 9 signed a memorandum of understanding to establish a long-term strategic partnership in
Capitalizing on the existing joint venture with Mahindra to commercialize
“I am delighted to announce the deepening and enlarging of our partnership with Mahindra in what I see as a great opportunity for Renault’s development in India,” said Carlos Ghosn, president and CEO of Renault. “This gearing up of our presence in one of the fastest-growing markets in the world is key to our commitment to international growth.”
Anand Mahindra, vice chairman and managing director, M&M, said, “The success of this partnership is scripted within the
A range of Mahindra as well as Mahindra-Renault products suited to the requirements of Indian customers will be manufactured at the new
The product range will be marketed by Mahindra-Renault and sold through the extensive and well-established Mahindra channel network throughout
Partners will optimize production costs through economies of scale thanks to joint investment in plant and infrastructure, as well as purchasing synergies.
• Renault will contribute its expertise in engineering, manufacturing and adaptation to meet customer requirements, and
• Mahindra will contribute its in-depth understanding of the Indian market and supplier base through years of market leadership.
Both companies have the same focus on product innovation and strategy; both strive for customer service excellence and global competitiveness.
“Mahindra and Renault’s joint vision is defined, however, by more than just these factors. It is centered on our common wish for growth that will only come with making products to suit the customer’s needs around the world,” said Anand Mahindra.
“I’m confident in our balanced and fruitful cooperation to offer the best of Renault and Mahindra to Indian customers,” said Ghosn.