Chennai: French automaker Renault Group India has approached the National Company Law Tribunal (NCLT) seeking approval for a proposed restructuring of its India operations aimed at sharpening its organisational focus. The plan envisages carving out powertrain manufacturing into a dedicated entity, while integrating vehicle manufacturing and sales under a single operating structure. The move, the company said, reflects the distinct industrial requirements of the two businesses and is aligned with its long-term strategy in India. The realignment is also aimed at strengthening India's role as a manufacturing and export hub, with Renault targeting exports of up to 2 billion euros annually by 2030. The company said the proposed changes will not disrupt business operations and will have no impact on employees, customers, dealers, suppliers or partners. Employment terms and existing relationships will remain unchanged, and all manufacturing, supply and service commitments will continue as usual. Last month, François Provost, chief executive of the 58 billion euros Renault Group, was in Chennai during his visit to India and said that India would play a crucial role in the group's 2030 growth strategy, serving as a hub for product development under new platforms as well as for exports of vehicles and parts. The company also aims to boost its presence in India, targeting a 5% market share, up from less than 1%, supported by multi-fuel product launches in the coming years.
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