Renault had its presence in India in form of a JV with M&M. In April, Renault restructured the JV and decided to come up solo with its own manufactured, marketed and branded cars in India.The company has already built a new manufacturing plant in Chennai in a 50-50 joint venture with Nissan with an investment of Rs.4,500 crore Renault, as part of the first phase of its India plans, post the initial launch in mid-2011, plans to open 70 dealerships across the most important Tier-I and Tier-II cities by end-2013.The sales and after-market service of its cars will be handled by Renault branded dealerships, with the initial dealerships being operational by mid-2011 in Tier-I cities.Renault will continue to support M&M and the product through a license agreement and supply of key components, including the engine and transmission.
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