The Fansco-Japanese is under a complete reconstruction phase. The alliance is expected to roll out 70% of its vehicles on the Common Module Family architecture by 2020.
CMF is a system of modular vehicle architecture which Renault-Nissan is likely to implement as a part of its reconstruction phase. The alliance believes that this is also bring the benefit of synergy to the company.
According to the statement, the Alliance is reaping benefits of CMF reflected in the launch by Nissan of the Rogue in North America, the Qashqai in Europe and the X-Trail in Japan and China.
"In 2015, Renault began selling the Kwid in India, followed bythe launch of the Redi-Go by Datsun in mid-2016. Both are built in the Alliance's plant in Chennai, India, on the CMF-A architecture, which covers the smallest and most affordable category of cars," the statement said.
"With the launch of Common Module Family-A, the Renault-Nissan Alliance demonstratesits ability to enter a very competitive market such as India, where only few OEMs succeeded to answer the local customers' requirement for modern and affordable cars," Arnaud Deboeuf, Alliance Senior Vice President of Renault-Nissan BV and the Alliance CEO's Office was quoted as saying in the statement.
This Renault-Nissan alliance will help the company to reduce expenses and bring in more revenue.
"Convergence in four of our key business functions has resulted in creating value by reducing costs, avoiding expenses and increasing revenues. Thanks to the convergence, the Alliance expects to generate at least a,5.5 billion in synergies in 2018," Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance was quoted as saying in the statement.
Principal Correspondent
Twinkle Jain
