Renault India: To boost the sales and demand momentum in the domestic market, Renault has launched the upgraded versions of its existing model lineup with new features. The automaker, which currently sells the Triber, Kiger and Kwid in India, is planning to launch 2 new SUVs and an EV by the next three years. It will also launch the next-generation models of Kiger and Triber.
Policy & Industry News: Japan's Mitsubishi Motors said it will end production of its cars at its joint venture in China and transfer its stake in the unit to its Chinese part
A decision by Mitsubishi to invest into the EV unit, named Ampere, would come after its partners Renault and Nissan Motor finalised a restructured alliance in July.
Mitsubishi Motors Renault EV Investment: Like other Japanese automakers, Mitsubishi has struggled in China, the world s biggest car market, where it has faced fierce competition from local rivals that have aggressively won market share with battery-powered vehicles.
Nissan Motor Co. and Renault SA have finalized a deal to equalize their stakes in one another and that the Japanese company will invest up to 600 million euros ($663 million) in the French carmaker's new electric vehicle unit.