Renault Group India has sought approval from the National Company Law Tribunal for a proposed restructuring of its India operations, as it sharpens its focus on the world's third-largest car market.
Under the proposal, powertrain manufacturing will be housed in a separate entity, while vehicle manufacturing and sales will be integrated into a single entity.
The Indian arm of France's Renault said the changes would not disrupt any operations. All existing manufacturing, supply, and service commitments, continue unchanged, the company said.
Renault India plans to have seven models in the country by 2030 and is targeting exports of about $2.33 billion a year.
Earlier this month, the group's global CEO Francois Provost said Renault sees India as "a strategic asset on a global scale" for exports and technology development. The automaker aims to have India rank among its top three global markets by 2030 and is targeting about 5% share of the country's car market.
Renault Group India, which makes 'Kwid', employs about 15,000 people across manufacturing, engineering, research and design.
