logo
New Delhi
New Cars
New Bikes
Used Cars
Go Green with EV
News & Reviews
Trending on c&b
Sell Your Car
Scrap Your Car
Pre-Delivery Inspection

Registered Office

ADDRESS
Mahindra First Choice Wheels Limited, 602, 6th Floor, Tower - B, Embassy 247, LBS Road, Vikhroli (West), Mumbai - 400083
CONTACT
+91 9606045096
EMAIL
contact@carandbike.com

Who We Are

About UsMerger Scheme CopyNCLT OrderInvestor RelationsTerms and ConditionsPrivacy Policy

Follow Us On

car&bike Youtubecar&bike Twittercar&bike Facebookcar&bike LinkedIn
© Mahindra First Choice Wheels Limited 2025. All rights reserved.

Our Offerings

  • New Cars
  • New Bikes
  • Electric Cars
  • Electric Bikes & Scooters
  • Used Cars
  • Compare Cars
  • Compare Bikes
  • Sell Car
  • Scrap Car
  • Pre Delivery Car Inspection

News & Reviews

  • Latest News
  • Car News
  • Bike News
  • car&bike Reviews
  • Car Reviews
  • Bike Reviews
  • Videos
  • Knowledge Center

Popular Car Brands

  • Maruti Suzuki
  • Tata
  • Hyundai
  • Honda
  • Mahindra
  • Kia
  • BMW
  • Volkswagen
  • Mercedes
  • Land Rover

Popular Car Models

  • Mahindra Thar
  • Kia Seltos
  • Land Rover Defender
  • Hyundai Exter
  • Grand Vitara
  • Toyota Innova Crysta
  • Kia Sonet
  • Range Rover
  • Toyota Fortuner
  • Maruti Suzuki Dzire

Popular Bike Brands

  • Royal Enfield
  • Hero
  • Yamaha
  • BMW Bikes
  • Jawa
  • Honda
  • Bajaj
  • Ola Electric Bikes
  • KTM
  • Harley Davidson

Popular Bike Models

  • Yamaha MT 15
  • Classic 350
  • Royal Enfield Hunter 350
  • Continental GT 650
  • Bajaj Pulsar 150
  • Hunter 350
  • Honda SP 125
  • Bullet 350
  • YZF R15 V4.0
  • Bajaj Pulsar 125
  • Latest News
  • Latest Reviews
  • Car News
  • Bike News
  • Car Reviews
  • Motorsport
  • Bike Reviews
  • Electric

In Alliance Reboot, Nissan To Buy Up To 15% Stake In Renault EV Unit

The size of Nissan's investment or even a firm commitment to put money into the EV unit, Renault's flagship business which is due to be listed on the market, has so far been unclear.
Reuters
Reuters
2023-02-07 12:35:00
Follow us on
In Alliance Reboot, Nissan To Buy Up To 15% Stake In Renault EV Unit

Japanese car maker Nissan will buy a stake of up to 15% in Renault's electric vehicle (EV) unit Ampere, the pair said on Monday, in a reboot of a long and sometimes contentious alliance that will also create more common car platforms.

The agreement, which came after months of tense talks, includes the previously announced reduction of Renault's stake in Nissan to put the two on a more equal footing, extending for an initial period of 15 years a partnership that has been in place since 1999 and also includes Mitsubishi Motors.

"Previously the alliance was more about synergies... and global volumes," Nissan chief operating officer Ashwani Gupta told Reuters. "The next 15 years is about how we become the number one value creator for each other and our shareholders."

The lopsided relationship between the two car makers, which was deeply strained by the 2018 arrest of its architect and former chairman, Carlos Ghosn, amid financial scandal, had long been a source of friction among Nissan executives.

While Renault bailed out Nissan two decades ago, it is the smaller automaker by sales.

"I consider that what we have agreed is a much better set-up than what we have had in the last past few years," Renault CEO Luca de Meo told a presentation of the new-look alliance in London.

"We have now a new governance scheme that is much more straightforward, we can now operate like a normal company. Seen from Renault, (it) is about regaining some strategic agility without breaking necessarily the ties and the synergies that were existing."

The size of Nissan's investment or even a firm commitment to put money into the EV unit, Renault's flagship business which is due to be listed on the market, has so far been unclear.

"We regard Ampere as an enabler for Nissan to participate in new business opportunities in Europe," Nissan chief executive Makoto Uchida told reporters and analysts.

No financial details were disclosed regarding the valuation of the business, with de Meo saying the market would decide. Some sources have indicated it could be worth up to 10 billion euros.

Mitsubishi CEO Takao Kato said Ampere will also form part of its European EV strategy and the company would "further study" its share participation.

Renault will reduce its stake in Nissan to 15% from around 43% by transferring a 28% stake into a French trust.

The French carmaker will have flexibility to sell the Nissan shares held in the trust but "it has no obligation to sell the shares within a specific pre-determined period of time," the statement on Monday said.

De Meo said Renault will act in "good faith" and sell off its Nissan shares in "an orderly manner". When it does sell, Nissan will have a right of first offer.

The companies detailed planned joint projects in Europe, India and Latin America, and will work together in the EV business, electronics and solid-state batteries.

Renault's shares were down around 0.7% by 1225 GMT.

The sweeping remake of the 24-year old alliance gets underway after talks were dragged out by concerns over the sharing of intellectual property as Renault sought tie-ups with companies outside the partnership, including China's Geely.

Renault's board approved the deal on Sunday night, according to a source. Nissan's board also approved it early on Monday, the source said.

CLSA analyst Christopher Richter said the revamped alliance could enable Nissan and Renault to work together a little more harmoniously, but he noted that Honda and General Motors have built a partnership that includes jointly developing lower-cost EVs together without any need for a capital relationship.

He added that as Renault's brand is not seen a strong one, it could be tough for it to raise a lot of money for Ampere from the market.

"That's why I think they're going to push Nissan to pay too much."

(Writing by Nick Carey and Silvia Aloisi; Editing by Kirsten Donovan)

# Nissan# Renault# Renault Nissan Alliance# cover-story# Electric Cars# Electric Mobility

Related News

New Renault Kwid E-Tech Revealed: Gets ADAS, 250 Km Range
2 mins read
New Renault Kwid E-Tech Revealed: Gets ADAS, 250 Km Range
Nissan Tekton Name Confirmed For Upcoming C-Segment SUV; Set For India Launch Mid-2026
3 mins read
Nissan Tekton Name Confirmed For Upcoming C-Segment SUV; Set For India Launch Mid-2026
Renault Kwid 10th Anniversary Edition Launched: Entry Hatchback Updated With More Safety Features
1 min read
Renault Kwid 10th Anniversary Edition Launched: Entry Hatchback Updated With More Safety Features
Nissan GT-R: Diving Into The Legacy Of Nissan’s Iconic Sportscar
10 mins read
Nissan GT-R: Diving Into The Legacy Of Nissan’s Iconic Sportscar
Godzilla Retires: Final Nissan GT-R R35 Rolls Off The Production Line
1 min read
Godzilla Retires: Final Nissan GT-R R35 Rolls Off The Production Line

Latest Cars

  • Skoda Octavia RS
    Skoda
    Octavia RS
    Ex-showroom Price
    ₹ 49.99 Lakh
  • Maserati MCPura
    Maserati
    MCPura
    Ex-showroom Price
    ₹ 4.12 - 5.12 Crore
  • Mahindra Bolero Neo
    Mahindra
    Bolero Neo
    Ex-showroom Price
    ₹ 8.49 - 9.99 Lakh
  • Mahindra Bolero
    Mahindra
    Bolero
    Ex-showroom Price
    ₹ 7.99 - 9.69 Lakh
  • Mahindra Thar
    Mahindra
    Thar
    Ex-showroom Price
    ₹ 9.99 - 16.99 Lakh
  • Citroen Aircross X
    Citroen
    Aircross X
    Ex-showroom Price
    ₹ 8.29 - 13.69 Lakh
  • Maruti Suzuki Victoris
    Maruti Suzuki
    Victoris
    Ex-showroom Price
    ₹ 11.93 - 23.19 Lakh
  • VinFast VF7
    VinFast
    VF7
    Ex-showroom Price
    ₹ 24.23 - 29.57 Lakh
  • VinFast VF6
    VinFast
    VF6
    Ex-showroom Price
    ₹ 19.13 - 21.22 Lakh
  • Citroen Basalt X
    Citroen
    Basalt X
    Ex-showroom Price
    ₹ 7.95 - 13.11 Lakh
Explore Other Topics
Trending NewsCar NewsElectric Car NewsBike NewsComparisonsMotorsportsUpcoming Car News

Trending News

  • Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
    4 mins read
    Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
  • India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
    2 mins read
    India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
  • New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
    2 mins read
    New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
  • Mahindra Scorpio-N Facelift Spied Testing
    1 min read
    Mahindra Scorpio-N Facelift Spied Testing
  • Ferrari SC40 One-Off Supercar Unveiled As Tribute To Iconic F40
    1 min read
    Ferrari SC40 One-Off Supercar Unveiled As Tribute To Iconic F40
  • TVS Apache RTX vs KTM 250 Adventure vs Suzuki V-Strom SX: Specifications, Features, Prices Compared
    5 mins read
    TVS Apache RTX vs KTM 250 Adventure vs Suzuki V-Strom SX: Specifications, Features, Prices Compared
  • 2025 India Bike Week Rescheduled: New Dates To Be Announced Soon
    2 mins read
    2025 India Bike Week Rescheduled: New Dates To Be Announced Soon
  • Skoda Octavia RS Launched In India At Rs 49.99 Lakh
    2 mins read
    Skoda Octavia RS Launched In India At Rs 49.99 Lakh
  • Toyota Urban Cruiser Hyryder Aero Edition Launched; Offers Accessory Kit For All Variants
    1 min read
    Toyota Urban Cruiser Hyryder Aero Edition Launched; Offers Accessory Kit For All Variants

Latest News

  • NewsNews
  • Expert ReviewExpert Review
View All
  • Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
    Amaan Ahmed | Oct 21, 2025
    Toyota Land Cruiser FJ Unveiled: 'Baby LC' 4x4 Is Smaller Than A Fortuner
    The most compact model in the present-day Land Cruiser family, the FJ will make its public debut at the upcoming Japan Mobility Show.
    4 mins
  • India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
    Bilal Firfiray | Oct 20, 2025
    India-bound New Audi Q3 Scores 5 Stars In Euro NCAP
    Set to arrive in India next year, the new-gen Audi Q3 has managed to score a full five stars in the European NCAP crash tests.
    2 mins
  • New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
    car&bike Team | Oct 20, 2025
    New Hyundai Venue N-Line Spied Undisguised Ahead Of Launch
    The N-Line gets sportier design updates replete with new bumpers, twin-tip exhaust, sportier alloys and a roof spoiler.
    2 mins
  • Mahindra Scorpio-N Facelift Spied Testing
    car&bike Team | Oct 19, 2025
    Mahindra Scorpio-N Facelift Spied Testing
    The Scorpio-N has been on sale in India since mid-2022 with the facelift likely to arrive sometime in the second half of 2026.
    1 min
  • Ferrari SC40 One-Off Supercar Unveiled As Tribute To Iconic F40
    Jaiveer Mehra | Oct 19, 2025
    Ferrari SC40 One-Off Supercar Unveiled As Tribute To Iconic F40
    One-off Special Projects creations draws design inspiration from the F40 including a more squared off design and fixed rear wing.
    1 min
  • TVS Apache RTX vs KTM 250 Adventure vs Suzuki V-Strom SX: Specifications, Features, Prices Compared
    Jafar Rizvi | Oct 18, 2025
    TVS Apache RTX vs KTM 250 Adventure vs Suzuki V-Strom SX: Specifications, Features, Prices Compared
    The Apache RTX gets into the ring with the KTM 250 ADV and the Suzuki V-Strom SX. How does the RTX go up against the two on paper? Let’s find out.
    5 mins
  • TVS Apache RTX First Ride Review: Tech-Packed & Adventure Ready
    Preetam Bora | Oct 19, 2025
    TVS Apache RTX First Ride Review: Tech-Packed & Adventure Ready
    TVS enters the growing adventure touring segment with the new Apache RTX with an attractive starting price of ₹ 1.99 Lakh (Ex-showroom). Is it worth considering? Read on, to find out.
    8 mins
  • Eurogrip Tread Talks 2025: Tyre Tales
    Janak Sorap | Oct 17, 2025
    Eurogrip Tread Talks 2025: Tyre Tales
    A factory tour on what goes into making two-wheeler tyres at Eurogrip’s Madurai plant, followed by a scenic ride to Kodaikanal.
    4 mins
  • Royal Enfield Guerrilla 450 Vs Bajaj Dominar 400 Comparison Review
    Preetam Bora | Oct 10, 2025
    Royal Enfield Guerrilla 450 Vs Bajaj Dominar 400 Comparison Review
    Roadster or sport tourer? And to answer that question we have the Royal Enfield Guerrilla 450 in a head-to-head comparison with the 2025 Bajaj Dominar 400.
    1 min
  • Tata Harrier EV Road Test: Big, Bold, and Brilliantly Electric
    Bilal Firfiray | Oct 8, 2025
    Tata Harrier EV Road Test: Big, Bold, and Brilliantly Electric
    We test the new Tata Harrier EV to find out how far it can really go. Real-world range, driving impressions, features, verdict, and everything else. We got you covered.
    5 mins
  • Porsche Macan EV Review: Sharper, Faster, More Serious
    Bilal Firfiray | Oct 3, 2025
    Porsche Macan EV Review: Sharper, Faster, More Serious
    When it comes to making EVs, Porsche knows a thing or two. So when the Macan EV become electric-only in its second-gen, how much of the iconic Porsche DNA does it retain?
    6 mins
  • Home
  • News
  • cover-story
  • In Alliance Reboot, Nissan To Buy Up To 15% Stake In Renault EV Unit