UPDATE 1-Nissan,Renault,M&M to build cars in Chennai-sources

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(Adds details, background, changes dateline) By Chang-Ran Kim and Rina Chandran TOKYO/MUMBAI, Feb 23 (Reuters) - Nissan Motor Co. will set up a car factory in India with Renault SA and Mahindra & Mahindra in 2009, sources close to the matter said on Friday, giving the Japanese automaker its first manufacturing foothold in the booming Indian market. Nissan, Japan's third-biggest automaker, had been studying the possibility of joining an existing local partnership between the French ...

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