Chennai plays host to the Renault-Nissan Technology and Business Centre India Private Ltd (RNTBCI) which is contributing to both partners' global operations in the key areas of advanced research and development, advanced CAE (Computer-Aided Engineering), product development, digital vehicle development, information systems development and local and global parts sourcing. RENAULT-NISSAN ALLIANCE
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igned on March 27, 1999, the Renault-Nissan Alliance is the fi rst of its kind involving a French and a Japanese company, each with its own distinct corporate culture and brand identity. The Alliance is a strategic partnership based on the rationale that, due to substantial cross-shareholding investments, each company acts in the financial interest of the other—while maintaining individual brand identities and independent corporate cultures. Renault currently has a 43.4 percent stake in Nissan, and Nissan holds a 15 percent stake in Renault. Although more companies have adopted such an arrangement, it remains controversial. Some business journalists have speculated that the companies should be joined in a conventional merger in order to make a "bold" move, while other interested parties have said that the companies should separate. Manufacturing facilities
Renault Nissan Automotive India Private Limited have their manufacturing plant in Chennai. The capacity is divided equally between Renault India Private Limited and Nissan Motor India Private Limited.
