Powered by: Motilal Oswal

News

South Korea`s Hyundai to invest $2.45 billion in Indian state South Korea's Hyundai Motor Co said on Thursday it will invest 200 billion rupees ($2.45 billion) in the southern Indian state of Tamil Nadu over the next 10 years, to beef up electric vehicle production in the world's most populous country. Tamil Nadu is a hub for automobile manufacturing with the likes of Ashok Leyland, TVS Motor, Hyundai and Renault-Nissan making thousands of two- and four-wheelers every year. Hyundai, through its Indian subsidiary Hyundai Motor India, w...
South Korea`s Hyundai to invest $2.45 billion in Indian state
South Korea`s Hyundai to invest $2.45 billion in Indian state
Source: Reuters
11/05/2023 1:00:36 PM
Renault Nissan inks agreement with Kamarajar Port for car shipments The Renault Nissan Alliance has signed an agreement with Kamarajar Port Ltd (KPL) for the exports of cars manufactured by their joint venture by Renault Nissan Automotive India Pvt Ltd (RNAIPL) near here. The agreement was signed by Frank Torres, President, Nissan Motor India and Sunil Paliwal, Chairman and Managing Director, Kamarajar Port Ltd. The Renault Nissan Alliance was the first car manufacturer in the region to commence exports of cars through Kamarajar Port. So far, over mo...
Renault Nissan inks agreement with Kamarajar Port for car shipments
Renault Nissan inks agreement with Kamarajar Port for car shipments
Source: IANS
20/03/2023 1:19:51 PM
Key News - Ola Ltd , Renault–Nissan Mitsubishi Alliance Ltd , Canara Bank Ltd By ARETE Securities Key News Ola setting up Futurefoundry in UK, creating $100-mn vehicle design centre After raising over $200 million from investors at a $5 billion valuation, Ola Electric, the ride-hailing firm’s electric vehicle (EV) arm, is setting up Ola Futurefoundry, its global centre for advanced engineering and vehicle design. This centre will be based in Coventry, UK, a global hub for the best automotive design and engineering talent in the world. SoftBank-backed Ola will invest over $1...
Key News - Ola Ltd , Renault–Nissan Mitsubishi Alliance Ltd , Canara Bank Ltd By ARETE Securities
Key News - Ola Ltd , Renault–Nissan Mitsubishi Alliance Ltd , Canara Bank Ltd By ARETE Securities
Source: ARETE Securities Ltd
28/01/2022 9:28:58 AM
Renault-Nissan India seeks `social distancing` norms from state amid dispute with union CHENNAI  - Renault-Nissan India wants the government to recommend "adequate social distancing" parameters based on norms in other automakers in the state, it said in a filing reviewed by Reuters, amid an ongoing dispute with the workers union over safety. "This honourable court may be pleased to ... direct the officers of Directorate of Industrial Safety and Health to recommend what the "adequate social distancing" parameters are," Renault-Nissan said in ...
Renault-Nissan India seeks `social distancing` norms from state amid dispute with union
Renault-Nissan India seeks `social distancing` norms from state amid dispute with union
Source: Reuters
8/06/2021 10:41:00 AM
Renault Nissan Auto breached agreement with union: Madras HC Frowning upon the car maker Renault Nissan Automotive India Private Ltd for breaching the agreement signed with its worker union, the Madras High Court on Friday categorically said the agreement has to be implemented in full. Renault Nissan Automotive is a Franco-Japanese car making joint venture near here rolling out Renault and Nissan badged vehicles. As a measure of maintaining social distancing at the shopfloor level the company and the worker's union Renault Nissan India Thozhi...
Renault Nissan Auto breached agreement with union: Madras HC
Renault Nissan Auto breached agreement with union: Madras HC
Source: IANS
4/06/2021 3:04:47 PM
Renault Nissan Auto & workers union sign interim peace deal An interim peace deal has been signed between the Renault Nissan Automotive India Private Ltd and its worker's union Renault Nissan India Thozhilalar Sangam (RNITS) to try out the options to maintain social distance at the shop floor, said a top Union leader. Renault Nissan Automotive is a Franco-Japanese car making joint venture near here rolling out Renault and Nissan badged vehicles. The RNITS has approached the Madras High Court citing non-adherence to the Covid-19 safety protoc...
Renault Nissan Auto & workers union sign interim peace deal
Renault Nissan Auto & workers union sign interim peace deal
Source: IANS
2/06/2021 11:10:24 AM
Indian court orders COVID-related audit of Renault-Nissan plant CHENNAI  -An Indian court on Monday ordered officials to inspect coronavirus-related safety protocols at Renault-Nissan's Tamil Nadu car plant, where workers are on strike over allegations that social distancing rules are not being followed. Workers at the southern Indian factory, jointly owned by Renault and alliance partner Nissan Motor, did not report for duty on Monday over COVID-related safety concerns, the workers' union said. Nissan, which owns a majority stake in th...
Indian court orders COVID-related audit of Renault-Nissan plant
Indian court orders COVID-related audit of Renault-Nissan plant
Source: Reuters
1/06/2021 8:36:40 AM
Renault-Nissan`s south India plant staff to stay away on Monday CHENNAI  - Workers at the Renault-Nissan plant in southern India will not report for work on Monday over coronavirus-related safety concerns, according to a union letter to the company seen by Reuters, and two sources familiar with the matter. Ford and Hyundai have also shut plants in the south over the last week following protests over COVID safety concerns. "It will not be secure for workers to report to work on Monday the 31st of May, 2021," the Renault-Nissan India wo...
Renault-Nissan`s south India plant staff to stay away on Monday
Renault-Nissan`s south India plant staff to stay away on Monday
Source: Reuters
31/05/2021 8:45:20 AM
34,964 units to be exported between May-Octomber: Renault Nissan Automotive Franco-Japanese joint venture car maker Renault Nissan Automotive India Ltd that announced closure of its plant near here for five days to prevent Covid-19 spread has to roll out 34,964 units to meet export obligations between May-October 2021. In addition, the company has to roll out 45,000 Nissan Magnite and Renault Kiger cars to be delivered for Indian buyers. Renault Nissan Automotive is the car manufacturing joint venture between French company Renault and Japan's Nissan Motor ...
34,964 units to be exported between May-Octomber: Renault Nissan Automotive
34,964 units to be exported between May-Octomber: Renault Nissan Automotive
Source: IANS
26/05/2021 2:27:22 PM
Renault Nissan Automotive to shut down Tamil Nadu plant for 5 days A day after its workers union announced indefinite boycott of work from May 26, Franco-Japanese car making joint venture Renault Nissan Automotive India Private Ltd on Tuesday decided to close its factory between May 26-30 and restart on May 31, a top union leader said. "The management had talks with the union today (Tuesday). They have decided to close down the factory from May 26 to May 30. They said they would restart the factory on May 31," Renault Nissan India Thozhilalar Sa...
Renault Nissan Automotive to shut down Tamil Nadu plant for 5 days
Renault Nissan Automotive to shut down Tamil Nadu plant for 5 days
Source: IANS
26/05/2021 9:27:29 AM
1st time in Tamil Nadu: Renault Nissan Worker - Management dispute to go for arbitration For the first time in the Tamil Nadu management-labour dispute over wage revision, bonus payment, reinstatement of dismissed workers is sought to be settled by arbitration. This is being tried out at Renault Nissan Automotive India Private Ltd, the car production joint venture between French company Renault and Japan's Nissan Motor Company, said a senior advocate. The arbitrator will be retired Madras High Court Judge P. Jyothimani. Queried about the reason for opting arbitration...
1st time in Tamil Nadu: Renault Nissan Worker - Management dispute to go for arbitration
1st time in Tamil Nadu: Renault Nissan Worker - Management dispute to go for arbitration
Source: IANS
25/05/2021 11:20:46 AM
Renault Nissan workers to boycott work from May 26 Unless their safety is ensured at the plant, workers of the Renault Nissan Automotive India Private Ltd have decided to boycott duty from May 26 onwards, the Renault Nissan India Thozhilalar Sangam (RNITS) has said. The RNITS or the Renault Nissan workers union has put the company management on notice on Monday in a letter by its Joint Secretary T.Tamizh Kumaran. Citing the Madras High Court order which states steps to be take to reduce the footfall in office and factory RNITS said the ...
Renault Nissan workers to boycott work from May 26
Renault Nissan workers to boycott work from May 26
Source: IANS
24/05/2021 2:13:38 PM