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In August 2015, RNAIPL put on hold its plans invest ₹5,000 Cr. in India due to non-payment of Investment Promotion Subsidies (IPS) promised by Tamil Nadu. The company claimed that it yet to receive a refund of ₹1,901 Cr and ₹ 822 Cr for IPS and input VAT respectively.
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In September 2008, Renault India opened its fifth global vehicle design studio in Mumbai. [5]In March 2010, Renault India and Nissan India opened a production facility in Chennai, [6] which was established with an initial investment of Rs 45 billion (US$990 million).
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Mahindra Renault Limited utilized Mahindra's manufacturing plant in Nashik, Maharashtra with a capacity of 50,000 vehicles per year. [2] Renault-Nissan have invested Rs 4,500 Crores to build a manufacturing plant in Chennai which will have a capacity of 400,000 vehicles per annum divided equally between Mahindra Renault Limited and Nissan Motor India Private Limited.
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