Amidst continued rift between M&M, the leading utility maker in India and Renault the French car maker seems to be coming the fag end with M&M pulling its key management personnel including the CEO of their JV responsibilities.
The JV sells the Logan car that has done very poorly in an upbeat Indian car market.
Renault has indicated that it is working on a road map to develop its own dealer network and bring in more models to India roads.
There might be a formal announcement of an exit plan within months.
Wednesday, March 10, 2010
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