Renault-Nissan has made a significant announcement of signing definitive agreements, the transactions of which are expected to be completed in the fourth quarter of 2023.
The definitive agreements and the transactions are subject to a few requirements and regulatory approvals. They are regarding three key areas – high value projects in India, Latin America and Europe; enhanced strategic agility with new joint ventures, and re-balanced cross-shareholdings and strengthened alliance governance.
In view of the three key area under the definitive agreements and the transactions as a part, Renault and Nissan are working on new projects in Latin America, India, and Europe that will bring significant benefits to both companies. The two automotive organisations have already announced their renewed commitment to investing in India and introducing new vehicles there.
The two partners are enhancing their cooperation in electrification and low-emission technologies such that Nissan will become a strategic investor in Renault's new EV and software company, Ampere, by investing up to Euro 600 million and securing a board seat.
The investment by Nissan aligns with its electrification strategy and complement its goals in Europe and other markets.
Involving restructuring cross-shareholdings between Renault and Nissan and the reinforcement of the governance alliance, Renault and Nissan will keep 15 percent ownership of each other's shares. Renault will transfer 28.4 percent of its Nissan shares to a trust where they will be voted neutrally. Renault will still receive all the financial benefits from these shares until sold. Nissan can vote for its Renault shares, but both companies' voting rights are limited to 15 percent of the total voting rights.
Renault can sell the Nissan shares, but Nissan could buy them if sold. Jean-Dominique Senard, Chairman of The Alliance, expressed, “These agreements strengthen our partnership and aim to create value for each member of the Alliance. They also lay the foundation for a more balanced, fair, and effective governance.”
Makoto Uchida, President and CEO, Nissan, said, “The new phase of collaboration with Renault and Mitsubishi Motors will bring additional value through initiatives aligned with Nissan's Ambition 2030 and electrification strategy. The investment in Ampere, Renault's new EV and software company, complements Nissan's electric push in Europe and offers various synergies, cost efficiencies, and a broader range of EV products and powertrains.”
Luca de Meo, CEO, Renault Group, mentioned, “These agreements provide a strong base to reactivate business operations in key markets worldwide, generating significant value for Renault, Nissan, Mitsubishi, and their stakeholders. The strategic agility gained from these agreements is crucial in today's rapidly evolving environment.”
Nissan Motor India Witnesses 4th Consecutive Month Of Growth In June 2026
- By MT Bureau
- July 01, 2026
Nissan Motor India, one of the leading passenger vehicle manufacturers, has recorded its fourth consecutive month of domestic sales growth in June 2026.
The company reported domestic wholesales of 3,006 units last month, which marks a 129 percent YoY increase. Total wholesales for the month reached 8,346 units, including 5,340 exports, representing a 16 percent YoY rise.
Saurabh Vatsa, Managing Director, Nissan Motor India, said, “Recording four consecutive months of domestic sales growth is a strong reflection of the growing customer confidence in our product portfolio and the steady progress of our market strategy. This momentum has been made possible by the continued support of our partners, dealers and on-ground teams, who are playing a vital role in strengthening Nissan’s presence across India. The sustained demand for the New Nissan Magnite and the all-new Nissan GRAVITE, along with our expanding customer reach and network footprint, gives us confidence as we prepare for the World Premiere of the Nissan TEKTON on July 9. This milestone reinforces our long-term commitment to India and to delivering products that meet evolving customer expectations.”
The company is now preparing for the world premiere of the Nissan Tekton, scheduled to be introduced on 9 July 2026.
Kia India Reports Best-Ever June Performance With 24,552 Unit Sales
- By MT Bureau
- July 01, 2026
Kia India, one of the leading passenger vehicle manufacturers, has reported its best-ever wholesales for June since it entered the market.
The company recorded wholesales of 24,552 units last month, marking a 19 percent YoY growth compared to the 20,625 units sold in June 2025.
For H1 CY2026, the company dispatched 163,749 units, representing a 15.2 percent YoY growth compared to the 142,139 units sold during the same period in 2025.
Atul Sood, Sr. Vice President, Sales & Marketing, Kia India, said, “Closing the first half of the year at a record high with best-ever June sales is a significant milestone for Kia India and reflects the trust customers continue to place in our brand. This performance has been driven by the sustained demand for the new Seltos, Sonet as well as Carens Clavis, while MY26 Syros has also received an encouraging response from customers. It is particularly gratifying to see existing Kia customers upgrading to the New Seltos, reaffirming the strength of our product proposition. The Clavis EV continues to witness positive customer response, supported by favourable government policies promoting EV adoption and our recently introduced Battery-as-a-Service (BaaS) program. As we move into the second half of the year, we remain committed to delivering innovative mobility solutions, enriching the ownership experience and driving sustainable growth.”
The company attributed the robust performance to the continued demand for the Seltos, Sonet, Carens, Clavis, and the MY26 Syros. At present, Kia India operates a network of 892 touchpoints across 407 cities, alongside 133 certified pre-owned outlets.
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has reported its wholesales for June 2026.
The company sold a total of 147,187 units in the domestic market, which was 24 percent higher YoY, as compared to 118,906 units sold last year.
The growth was witnessed across categories, which saw a sharp rise of 78 percent in demand for the mini vehicle category with sales at 11,416 units, followed by SUV sales uptick of 29 percent YoY at 61,726 units and compact + mid-size segment seeing a 16 percent growth YoY at 63,815 units.
On the other hand, LCV sales came at 2,963 units, up 22 percent YoY, while sales to other OEM (Toyota Kirloskar Motor) saw a drop of 15 percent YoY at 7,472 units.
Exports for the month grew by 13 percent YoY at 42,768 units.
For Q1 FY2027, domestic PV sales grew by 33 percent YoY to 525,228 units, LCVs by 13 percent YoY to 9,579 units and sales to other OEM declined by 20 percent YoY to 23,181 units, respectively.
Toyota Kirloskar Motor Sells 28,869 Passenger Vehicles In June 2026
- By MT Bureau
- July 01, 2026
Toyota Kirloskar Motor (TKM), one of the leading passenger vehicle manufacturers, has announced its wholesales for June 2026.
The company reported sales of 31,016 units, up 7 percent YoY, as compared to 28,869 units for the same period last year. This includes 28,441 units sold in the domestic market and 2,575 units exported.
For H1 CY2026, the company’s wholesale sales grew by 15 percent YoY to 201,338 units.
For the period from January to June 2026, the company recorded total sales of 201,338 units, reflecting 15% growth over the same period in 2025.
Sabari Manohar, Executive Vice-President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “We are encouraged with the positive sales performance in the month of June driven by continued market momentum and a clear focus on customer-centricity. The recently introduced New Innova Crysta with its premium styling and bold new design elements has received an encouraging response for its distinctive appeal and compelling value proposition. Our focus remains on enhancing market presence through high-quality products, value-added services and offering peace of mind, serving as key drivers of growth in the coming months.”
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