Looks like Indian auto market is not only overflowing with foreign cars but also the with car plants. French carmaker Renault along with its Japanese partner Nissan Motors is planning to build a plant in Chennai with the capacity of producing about 400,000 cars a year from 2010.
Both the companies with be investing Rs 51 billion for the plant. Renault is expected to roll out Logan while Nissan would build several models including the latest version of its Micra.
Earlier it was Renault and Indian firm Mahindra and Mahindra that planned for the Chennai plant but later M&M pulled out of the venture and that is when Nissan chipped in.