Nissan joins Mahindra, Renault in India car venture

Newswire

CHENNAI, Feb 26 (Reuters) - Japan's Nissan Motor Co. will join an alliance with India's Mahindra & Mahindra Ltd. and France's Renault SA to invest in a 40 billion rupees ($905 million) car project in India, the companies said in a joint statement on Monday. The venture will set up a car factory in the southern city of Chennai which will have a capacity to produce 400,000 units in seven years. Production of cars in the new plant will start in the second half of 2009, the companies ...

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