The Competition Commission of India, the chief national competition regulator, on Monday announced that it has approved the acquisition of certain shareholding of Renault Nissan Automotive India Private Limited by Renault Group B.V. and Renault S.A.S.
“C-2025/05/1286: CCI approves the proposed acquisition of certain shareholding of Renault Nissan Automotive India Private Limited by Renault Group B.V. and Renault S.A.S,” said CCI. Renault Group in March this year announced signing a Framework Agreement with Nissan for acquiring its 51 per cent stake in Renault Nissan Automotive India Private Ltd (RNAIPL).
In the April-June quarter of this fiscal. Renault India domestic sales declined 30 per cent at 7,729 units from 10,969 vehicles in the year-ago period.
The company’s market shares currently stands at less than 1 per cent. Renault has set a target of having a 5 per cent market share in the world’s third-largest car market by sales volume. He said that more than the market share, the company’s first priority is to utilise the plant capacity that it has, with its partner, Nissan India.
