21 October,2009 01:14 PM IST | | PTI
Dropping a hint that all is not well in its partnership with Mahindra & Mahindra, French auto major Renault on Wednesday said if things did not work out, it can sever ties and may even drive in its new product in India with a different partner.
Renault, which has a joint venture with M&M that sells entry level sedan Logan, has been a subject of speculation over its relationship with the Indian partner and declining sales of the car had put a question mark over the future of the JV - Mahindra Renault Pvt Ltd, in which the French firm has 49 per cent stake.
Renault has other alliances with Bajaj Auto for a small car project and Ashok Leyland through Nissan for light commercial vehicles in India.
"I am not saying we will, I am saying we can. I don't want anybody to be surprised. We have today three partners (in India). Our intention is to continue with the three partners, but if it is not possible, I can tell you that we need at least one," Renault President and CEO Carlos Ghosn said here at the Tokyo Motor Show.
ALSO READ
Court cites several ‘critical fundamental lapses’ in arrest of ED official by CBI over bribery
Dense fog in Delhi with zero visibility, AQI hits 409, flights disrupted
Several shows of Game Changer get cancelled in North America
Several hundred persons join Shiv Sena in presence of Dy CM Shinde
Several hundred persons join Shiv Sena in presence of Dy CM Shinde
He was responding to a query if Renault was unhappy with any of its Indian partners, particularly with M&M, following the dismal performance of Logan in India.
