The companies will continue collaborating on existing projects in India through an operational agreement that also outlines their future relationship in the country. Nissan will maintain access to RNAIPL for domestic and export vehicle sourcing in the years ahead.

The agreement also includes an operational agreement to continue the current projects between Renault Group and Nissan, and to define the future relationship of Renault Group and Nissan in India

Renault said that the acquisition will present an opportunity to expand in international markets while Nissan with its own presence will continue to also grow its business