French automaker Renault SA is reportedly in early discussions with the JSW Group for a potential joint venture in India, as it seeks to solidify its position in one of the world’s fastest-growing car markets while restructuring ties with longtime ally Nissan Motor Co., according to a Bloomberg report, citing sources familiar with the matter.

The talks, which are still at a preliminary stage, reflect Renault’s intent to operate more independently in India. As part of this broader strategy, the company is close to acquiring Nissan’s stake in their jointly owned Chennai manufacturing facility. The move follows a March agreement to reduce cross-shareholding between Renault and Nissan from 15 per cent to 10 per cent each, as the two firms recalibrate their global alliance.

JSW Group, led by industrialist Sajjan Jindal, has already established a foothold in the Indian automotive market through its 35 per cent stake in MG Motor India via a joint venture with China’s SAIC Motor Corp. The group is actively seeking new partnerships to expand its presence in the electric mobility segment, aligned with its interests across steel, infrastructure, and energy sectors.

Renault’s footprint in India remains modest, with annual sales of around 38,000 vehicles in FY25 — less than 1 per cent of the domestic passenger vehicle market. However, the company continues to export to African and Asia-Pacific markets from India, and recently opened its largest design studio outside France at its Chennai tech centre.

Historically, Renault has opted for joint ventures in India, including past partnerships with Mahindra & Mahindra and Nissan. The talks with JSW mark a continuation of this strategic approach as the company explores ways to strengthen its India operations.

Renault’s final decision on future partnerships may align with the appointment of a successor to CEO Luca de Meo, who has prioritised profitability and expansion in emerging markets.