Renault-Nissan to invest $600-700 million in India

The Renault-Nissan alliance is stepping up its investments in India to make for and sell in the world's third-largest automotive market. The grouping, which also includes Mitsubishi Motors, plans to invest $600-700 million at its Chennai-based facility to step up platform localisation and improve sophistication levels in manufacturing, the management said at a press conference on Wednesday.