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Renault mulls engine unit near orgadam in Chennai

Renault is planning to set up an engine and transmission unit near orgadam in Chennai. With a engine unit, it can cut down costs upto 40% as it is currently importing it thereby saving hefty import duties. The company is currently importing 1.4 and 1.6 liter diesel engine and 1.5 litre petrol engine. The total project cost is estimated at Rs. 9000 -12000 million. It is likely that M&M, Renault and Nissan will make use of similar engines but may tweak to suit their requirements

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