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.”
Maruti Suzuki India Launches Victoris Aurum Edition To Mark Sales Milestone
- By MT Bureau
- October 24, 2026
Maruti Suzuki India, the country’s largest carmaker, has introduced the Victoris Aurum Edition Strong Hybrid to mark the first anniversary of the Victoris SUV, featuring an accessory kit priced at INR 22,990.
The launch follows the model reaching sales of 100,000 and 150,000 units within its initial year of production. The Aurum Edition incorporates copper-coloured inserts on the front, side and rear skid plates, along with revised wheel arch trim.
On the outside, it gets chrome garnishes across the front grille, fenders, bumpers, body side mouldings and door visors. Interior additions comprise all-weather 3D cabin mats, a 3D boot mat and a trunk sill guard.
Furthermore, the company has partnered with actor Shahid Kapoor to lead the promotional campaign for the variant.
Partho Banerjee, Senior Executive Officer – Marketing and Sales, Maruti Suzuki India, said, "Conceptualised as a ‘Got it All’ SUV for today’s dynamic young go-getters who ‘want it all’, the Victoris has truly won the hearts of buyers. As we celebrate its first anniversary, it’s worth noting that the Victoris has become the fastest-selling PV to clock both the 150,000- and 100,000-unit sales milestones, going on to achieve the highest sales for any car in India during its 1st year of launch. Recognising these extraordinary achievements, we are introducing the Victoris Aurum Edition Strong Hybrid, with tasteful enhancements that are sure to grab eyeballs and make this festive season feel all the more special for our valuable customers. Our association with Shahid Kapoor, for the new Aurum Edition is also sure to complement the Victoris’ contemporary appeal."
Hyundai Bayon To Feature 69% High-Strength Steel Grade For Enhanced Safety
- By MT Bureau
- October 21, 2026
Hyundai Motor India, one of the leading passenger vehicle manufacturers, has detailed the safety specifications and platform architecture for its upcoming Bayon SUV model ahead of its official launch in India on 26 October 2026.
Built on the Global K Enhanced Platform, the Bayon utilises a body structure comprising of 69 percent high-strength steel grades, integrating hot-stamped components across the front apron, dashboard, rear floor and side reinforcements.
The vehicle incorporates Hyundai SmartSense Level 2 Pro ADAS, providing 23 driver assistance features supported by three radar units and 12 parking sensors. Over 35 safety features are fitted as standard across all variants, including six airbags, electronic stability control, hill-start assist control, a tyre pressure monitoring system (TPMS) and ISOFIX child seat anchors.
The Bayon will be powered by a 1.5-litre MPi four-cylinder petrol engine producing 84.4 kW (115 PS) and 143.8 Nm of torque, paired with a six-speed manual or an Intelligent Variable Transmission. Exterior options will span 10 colour configurations across monotone, dual-tone, and matte finishes.
Tarun Garg, Managing Director and Chief Executive Officer of Hyundai Motor India, said, "At Hyundai, we believe that true innovation is meaningful only when it enhances the everyday experiences of our customers. With the Hyundai BAYON, we have combined a robust body structure, advanced safety technologies, and intelligent driver assistance systems to deliver a comprehensive safety experience. From its reinforced chassis and high-strength steel construction to Hyundai SmartSense Level 2 Pro ADAS, the BAYON is engineered to inspire confidence not only in challenging situations, but throughout every journey. This reflects our commitment to delivering intelligent mobility solutions that are safe, connected, and progressive for modern India."
Mitsubishi Motors Launches All-New Pajero In Thailand Ahead Of Global Rollout
- By MT Bureau
- October 21, 2026
Japanese automotive major Mitsubishi Motors has commenced sales of the Pajero cross-country SUV in Thailand, serving as the initial market for the model’s international release.
The Pajero’s production takes place at the Laem Chabang facility operated by Mitsubishi Motors in Chonburi Province, which functions as a manufacturing hub for export operations.
Shipments to Australia and Japan are scheduled ahead of market releases in mid-December, followed by sequential introductions across approximately 100 countries and regions in the Middle East and Latin America starting in fiscal 2027.
The Pajero integrates four-wheel-drive capability with passenger car handling characteristics and positioning as a flagship offering.
Keisuke Kishiura, President and Chief Operating Officer, Mitsubishi Motors, said, "We are delighted to begin sales of the all-new Pajero in Thailand as the first market for its global rollout. Thailand is not only an important market for Mitsubishi Motors, but also a key hub for our production and exports. The all-new Pajero is a flagship model that embodies Mitsubishi Motors and is positioned among the top-tier cross-country SUVs in the Thai market. We will continue to deliver appealing products from Thailand to customers around the world and provide value that exceeds expectations."
Param Automotive Inaugurates Upgraded Mahindra Showroom In Ahmedabad
- By MT Bureau
- October 20, 2026
Param Automotive Group has inaugurated an upgraded dealership facility in Ahmedabad to mark its silver jubilee year.
Located at the site established in 2002, the facility spans 40,000 square feet and features display space for 18 vehicles.
The showroom includes customer lounges, delivery zones, accessory bays, test-drive areas and hospitality spaces to support vehicle sales and customer service operations.
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