New Delhi: Renault Group India has approached the National Company Law Tribunal (NCLT) seeking approval for a proposed restructuring of its India operations, aimed at simplifying its overall business structure.
In an official statement, the company said the plan involves separating powertrain manufacturing into a dedicated entity, while bringing vehicle manufacturing and sales under a unified framework. This move is designed to better align with the distinct operational needs of each business segment.
The restructuring is part of Renault’s broader long-term strategy to strengthen India’s position as a key manufacturing and export hub. The company has set an ambitious target of achieving up to €2 billion in annual exports from India by 2030.
Renault clarified that the proposed changes will not impact day-to-day operations. Employees, customers, dealers, suppliers, and partners will continue under existing arrangements, with no changes to employment terms or ongoing business relationships.
The company reaffirmed that all manufacturing, supply, and service commitments will proceed without disruption, underlining its continued focus on India as a critical growth market.
Renault currently employs around 15,000 people in India, spanning manufacturing, engineering, research, and design functions. It caters to both domestic demand and international markets.
In February, the carmaker reported wholesale sales of 3,495 units, marking a 31% increase compared to 2,676 units in the same month last year. The growth was driven by strong demand for models like the Renault Kiger and Renault Triber.
With a network of over 600 sales and service touchpoints, Renault India continues to play a significant role in exports, supplying vehicles, components, and engineering services to multiple global markets.
With inputs from IANS