Core Insights - Renault Group is enhancing its presence in India by acquiring Nissan's remaining 51% stake in the Chennai plant, making it the sole owner [1][7] - The company aims to establish India as a key international hub, supported by the opening of its largest design center outside France and the launch of new vehicle models [1][3] - Stéphane Deblaise has been appointed as CEO of Renault Group in India, effective September 1, 2025, to lead the strategic initiatives in the region [5][7] Company Strategy - The acquisition of the Chennai plant aligns with Renault's International Game Plan 2027 strategy, focusing on India as a crucial market for growth [3][7] - The Chennai plant has produced over 2.8 million vehicles since its launch in 2010, with an annual production capacity exceeding 400,000 vehicles [9][10] - Renault Group plans to launch four new models, starting with the New Renault Triber, to strengthen its product offering in India [4][5] Market Context - India is recognized as the world's third-largest automotive market, with a population where over 50% is under the age of 28, making it a significant driver of innovation [3][7] - The Indian automotive market is projected to grow by 3.5% in 2025, following a 7% increase in 2024, indicating a robust growth trajectory [7] - The Chennai plant is supported by nearly 300 local suppliers, enhancing its operational capabilities and competitiveness [9]