With an investment of Rs 4,500 crore, Renault Nissan Automotive India Pvt Ltd (RNAIPL) inaugurated a new passenger vehicle plant at Oragadam situated about 45 km from Chennai. After formal introduction a plaque to mark the inauguration, Tamil Nadu State secretary for Industries Farooqui said "this project will not only provide for trade and investments but also for creation of job opportunities".
Last year the state recorded nine per cent growth in this sector and this year it is expected to be another four percent. About 800 acres of land where the plant is currently situated had been handed over to the Automobile majors rpt majors.
Nissan Motor Company Ltd Corporate Vice-President Shohei Kimura said that the facility will have an annual production capacity of 400,000 and will manufacture vehicles for export and the local market for both Renault and Nissan. This project is a real result of the strength and success of the Renault-Nissan alliance, and a clear indicator of Renault-Nissan's long-term strategy for this important market.
Renault India Managing Director Sylvain Bilaine said that there will be two assembly lines for Renault where one line will assemble Renault variants, while the other will assemble Logan variants. Capacity of the plant for Renault products is alone two lakh and a family of products on the Logan platform will be created.