Renault Group India has approached the National Company Law Tribunal (NCLT) for approval of a proposed restructuring plan aimed at enhancing operational efficiency. The plan involves separating powertrain manufacturing into a dedicated entity while integrating vehicle manufacturing and sales under a unified framework. This strategic move is designed to align with specific operational needs and bolster the company’s long-term strategy in India, emphasizing its role as a manufacturing and export hub.
The company has set ambitious targets, including achieving up to 2 billion euros in annual exports from India by 2030. Renault assures that these proposed changes will not disrupt current operations and will not impact employees, customers, dealers, suppliers, or partners. Existing terms of employment, service continuity, and business relationships will remain unaffected, reaffirming Renault’s commitment to India as a crucial market and production base.
Renault Group India, with approximately 15,000 employees across various operations and centers, plays a significant role in the country’s automotive landscape. The company caters to both local and global demands, with a focus on manufacturing excellence and innovation. In February, Renault reported a notable increase in wholesale sales, driven by the popularity of its Kiger and Triber models.
Operating through a vast network of over 600 touchpoints, Renault serves as a key export hub, contributing to multiple international markets with its vehicles, components, and engineering services. The company remains steadfast in its dedication to India, ensuring that all manufacturing, supply, and service commitments will continue seamlessly.
