Renault to sign MOU with M&M

Renault India is set to sign an MoU with Mahindra and Mahindra (M&M) for distribution of all its vehicle models in the country, said Sylvain Bilaine, managing director, Renault India. This agreement will include all cars that Renault will import into the country as well as the ones that the company will roll out from its Chennai plant in the first half of 2010.

The MoU comes despite M&M having walked out of the tripartite agreement with Renault and Nissan. "We will sign the MoU with M&M very soon,"
said Bilaine.