Nissan Motor and Renault will jointly invest $2.5 billion in India over the next four years, reports The Wall Street Journal.

The companies plan to launch new vehicles designed for India and other fast-growing markets, the Journal reports.

“Carlos Ghosn, who is chief executive of both companies, said in a news conference on Tuesday that the pair would launch two new vehicles initially on their India-developed platform from 2015,” according to the news report.

Ghosn added: “Cars developed from this platform could also be exported to other high-growth or emerging markets, including China, Russia, South Africa and Brazil.”

Source: The Wall Street Journal

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