Renault-Geely JV plans hybrid powertrain manufacturing in India
pre-market1 source ↓written by the desknot a recommendation
- investment by Horse
- ₹3,500 cr
India is set to approve ₹3,500 cr investment by Horse Powertrain, a joint venture between Renault and Geely, for hybrid powertrain manufacturing at Renault’s Chennai facility. This investment marks a significant move for a China-linked firm in India, enhancing local production capabilities.
• The Renault Duster hybrid will utilize the new powertrain.
• Horse is also negotiating to supply technology to other automakers. This investment aligns with Renault's restructuring efforts in India.
Not investment advice. For informational purposes only.