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Renault-Nissan to open new business centre in India… (AFP)

Posted by ElJay Arem (IMC OnAir) on September 6, 2007

TOKYO (AFP) – – French automaker Renault and its Japanese partner Nissan Motor announced plans Thursday to open a new business centre in Chennai, India next year that will employ more than 1,500 workers by 2010.The centre, which will be a 50-50 joint venture between the two partners, will support the two automakers’ global engineering, purchasing, design, cost management and information systems operations.

Renault, Nissan and Mahindra & Mahindra are also building a 902-million-dollar factory together in the southern Indian city of Chennai, earlier known as Madras.

Nissan and Renault are also considering launching a low-cost 3,000-dollar car in India, one of the world’s fastest growing automobile markets.

Nissan has decided to join a project between Renault and Indian motorcycle manufacturer Bajaj Auto Ltd. to develop and produce an ultra-affordable car, the Nikkei business daily reported Thursday without naming its sources.

Carlos Ghosn, who heads both Nissan and Renault, has previously said that Mahindra would be the “natural” partner if the company decided to produce a 3,000-dollar car there.

AFPThursday, September 6

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