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| Company type | Joint Venture |
|---|---|
| Industry | Automotive |
| Founded | 2007 |
| Defunct | 2010 |
| Fate | Merged |
| Successor | Mahindra & Mahindra |
| Headquarters | Nashik,Maharashtra |
| Products | Automobiles |
Mahindra Renault Limited was ajoint venture betweenIndia's largestutility vehicle manufacturerMahindra & Mahindra Limited &Renault S.A. ofFrance (51% & 49% respectively). The joint venture was formed in 2007. On 15 April 2010 Mahindra & Mahindra and Renault together announced restructuring plans by which Mahindra would buy Renault's share in the joint venture[1] and Renault would continue to provide the support for M&M through license agreement and continue to be supplier of key components.
Mahindra Renault Limited utilized Mahindra's manufacturing plant inNashik,Maharashtra with a capacity of 50,000 vehicles per year.[2] Renault-Nissan have invested Rs 4,500 Crores to build a manufacturing plant in Chennai which will have a capacity of 400,000 vehicles per annum divided equally between Mahindra Renault Limited andNissan Motor India Private Limited.[citation needed]
TheRenault Logan was launched 2007 and became the Mahindra Verito after the ending of the joint venture in 2010.[3]
Mahindra Renault Limited usesMahindra & Mahindra Limited's network for the sales and service ofRenault branded vehicles in India. It currently has more than 140 dealerships across 125 cities in 24states and 3Union Territories ofIndia.[4]
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