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.
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.
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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.
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.
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