MUMBAI, India (AP): Renault has recovered enough from its financial doldrums to re-ignite investment in India, with the French carmaker announcing plans to roll out a dealership network for five cars it plans to sell in India by 2014.
Renault had pledged to invest, with partner Nissan, 45 billion rupees ($967.7 million) in a 400,000 unit factory and an engineering center in the southern city of Chennai, but poor global performance forced it to freeze investment in India and Morocco in December 2008, said Marc Nissaf, managing director of Renault India.
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