Mumbai, April 30 -- French automotive major Renault Group India has approached the National Company Law Tribunal (NCLT) to approve a structural realignment of its domestic operations.

The proposal aims to create more focused operating units by separating specific industrial activities. Under this plan, powertrain manufacturing will be organised as a dedicated entity, while vehicle manufacturing and sales operations will be consolidated into an integrated structure.

The realignment is designed to address the unique industrial requirements of Renault's various business arms and support long-term growth in the Indian market.

The move supports Renault's goal of establishing India as a major manufacturing and export hub, with a target of re...