Renault and Nissan Planning Joint Factory in India

Japanese business newspaper Nikkei reports that NissanNissanJapan, 1932 > present159 models
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and are planning to open a joint factory in India.

The factory, which will be located near its current factory in Chennai, will cost $320 million (€242.8 million) and will build Nissan's new DatsunDatsunJapan, 1931 > 198636 models
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cars and inexpensive Renault models. According to the newspaper, the factory is aimed to be completed by the second half of 2014 and be able to build 200,000 vehicles a year. 

Nissan currently has just a 1% market share in India. The three biggest automakers in the country are Maruti SuzukiSuzukiJapan, 1909 > present47 models
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, TataTataIndia, 1945 > present5 models
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and HyundaiHyundaiRepublic of Korea, 1967 > present79 models
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. 

Source: Automotive News Europe