Nissan and Renault said on Monday that they will invest $600 million in India to produce six new cars.
According to a statement, the Japanese and French automakers will collaborate on the projects from their Chennai headquarters, transforming it into an export center.
They claimed that the six models, three of which would be produced by each carmaker, would be developed on shared platforms and exported. The new models will include two electric cars, the first EVs to be introduced by Indian automakers, as well as four sports utility vehicles (SUVs).
Last week, the automakers disclosed specifics of their revised alliance as well as new cooperative initiatives in Latin America, India, and Europe.
