Also, the fact that Nissan firmed up agreement with Ashok Leyland for three separate joint ventures for light commercial venture manufacturing in India added to M&M’s decision not to be a part of the tripartite joint venture any longer.
When contacted, a Nissan official from Tokyo declined to comment, while Renault officials were not available for comment.
The trilateral joint venture was supposed to have a manufacturing plant spread over 1,100 acre at Oragadam, south of Chennai, with a capacity to produce 400,000 cars and utility vehicles.
The manufacturing facility was scheduled to be commissioned in 2009 and was also expected to manufacture power trains for both Renault and Nissan.
Joint Pains
•Move could jeopardise existing alliance between M&M and Renault for Logan world car
• M&M is believed to be unhappy with Renault and Nissan for forming multiple partnerships in India
•Mahindra had earlier said he has no problems with Renault tying up with Bajaj for car
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