Renault Group gains full ownership of Nissan Magnite-producing RNAIPL

MANILA: Nissan Motor Corporation will continue to source the Magnite from Renault Nissan Automotive India Private Limited (RNAIPL). 

The aforementioned development comes despite Renault Group's move to buy out Nissan's 51 percent stake in the Chennai-based manufacturing company. Per regulatory approvals and other procedures, the transfer of RNAIPL's full ownership to the Renault Group will be completed after the first half of 2025. 

The said acquisition by Renault is multi-faceted as it will help the French carmaker gain strength in its international business front. At the same time, the two companies, which are both members of the Renault–Nissan–Mitsubishi Alliance, will move forward with an “operational agreement,” which will facilitate the Japanese marque’s continued presence in the Indian market. 

In relation to the Philippines, the said development means a strong possibility that Nissan Philippines will still be able to source left-hand-drive (LHD) versions of the upcoming Magnite from the South Asian republic. 

To remind readers, Nissan India previously shared that it has already begun to ship LHD Magnite units to markets all over the world since February 2025. The previous report didn’t specify the Philippines, but the brand’s list of territories where it was sending the LHD Magnite included the Asia Pacific Region. 

The Magnite as a nameplate is likewise crucial to Nissan’s current global operations, as it is a part of its “One Car, One World Strategy.”

Nissan-Renault: Other Developments

After failing to establish a merger with fellow Japanese car brand Honda, Nissan and Renault Group have agreed to big changes to their in-Alliance agreements. 

For starters, the two parties have been provided with more flexibility in connection to their cross-shareholdings. Instead of the previously agreed minimum 15 percent cross-share, Nissan and Renault can now own a minimum cross-share of 10 percent. 

“Nissan is committed to preserving the value and benefits of our strategic partnership within the Alliance while implementing turnaround measures to enhance efficiencies,” Nissan Chief Executive Officer Ivan Espinosa said. 

“Our goal is to create a more agile and effective business model that allows us to respond quickly to changing market conditions and conserve cash for future investments,” Espinosa added. 

Additionally, Nissan was also released from its commitment to invest in Ampere, Renault’s electric vehicle subsidiary. Regardless, Nissan will still work together with the Renault-owned corporation to develop and produce a new vehicle for the European market based on the subcompact Twingo. 

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