France-based automobile manufacturer Renault and Japan-headquartered Nissan on Monday committed investments of $600 million (around Rs 5,300 crore) in the country 15 years after foraying into the Tamil Nadu automobile industry. The fresh round of investments would witness roll out of six new models between the two companies including -- two electric vehicles -- representing the two global brands, Nissan Global chief operating officer and Member, Alliance Board Ashwani Gupta said in Chennai.
The car comes with various features including a 3D sound system with eight speakers, automatic headlamps and rain sensing wipers.
French carmaker Renault would launch its first sedan -- Influence -- in India by 2011, a top company official said on Wednesday.
Renault, which had a market share of just over two per cent in the country last year, forayed in MPV segment on Apr 9 this year after launching 'Lodgy'.
The vehicle will compete with the likes of Toyota's Innova, Maruti's Ertiga.
Renault to launch MPV Lodgy to boost sale in India
Ford India and Renault too reported good sales growth in April
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
the two segments would be able to push the company's market share in India to over 5 per cent in the next three years.
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