Renault announced on April 5, India joint venture company reorganization details
Super cars news according to Dow Jones News (Dow Jones) reports, car Renault (Renault S.A.) India branch, 29, says that Renault will be announced on April 5 after the reorganization of the joint venture with Renault India.
Renault in India and India's biggest SUV manufacturer Mahendra together with a joint venture, the joint venture named Mahindra-Renault Ltd. (Mahindra Renault Pvt. Ltd.).
Renault India branch is responsible for communications and public affairs, Vice President, Ashish Sinharoy says: "the parties in all and reorganization related to the major issues were agreed. ”
Mahindra-Renault private limited (Mahindra Renault Pvt. Ltd.) in India and Western Maharashtra (Maharashtra) Nash grams (Nashik), mainly the production of Logan cars. Currently, Renault take possession of the 49% shares of JV, Mahendra holds 51% of the shares.
According to informed sources recently disclosed, Mahendra will stop the Mahindra-Renault private limited (Mahindra Renault Pvt. Ltd.) injection of capital.