Renault Nissan Automotive India Private Ltd. hosts a groundbreaking ceremony for its passenger-car plant in Chennai that is expected to launch production by 2010. The facility, which represents a Rs45 billion ($1.1 billion) investment by 50-50 joint-venture partners Renault SA and Nissan Motor Co. Ltd., will have capacity for 400,000 units annually and employ 4,000 workers. Each auto maker will produce 200,000 vehicles annually on separate manufacturing lines. Renault will build ...
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