| CHENNAI, India, July 16
CHENNAI, India, July 16 Renault SA and
Nissan Motor Co Ltd expect to launch low-cost cars
from a joint manufacturing platform in 2015, an alliance
executive said on Tuesday.
Christian Mardrus, alliance managing director for logistics,
did not give any details on the cars, but said the two companies
expect to achieve joint savings of 3.5 billion euros ($4.57
billion) in 2015 as they pool more of their operations.
Renault and Nissan had previously set a joint savings goal
of 4 billion euros in 2016.
"We have more and more convergence in our products. In 2015
when we launch the first low-cost car, we will definitely do
more than 3 billion euros in cost savings," Mardrus said during
a visit by senior Renault-Nissan executives to Chennai, where
the alliance has a manufacturing plant.
Nissan on Monday announced it would manufacture cars from
its revived Datsun brand at the Chennai plant, and sell them for
less than 400,000 rupee ($6,700) in India from next year.
The car is the first of several Datsun models that will be
launched in 2014 in Indonesia, Russia and South Africa.
($1 = 0.7664 euros)
($1 = 59.8550 Indian rupees)
(Writing by Aradhana Aravindan; Editing by Miral Fahmy)