Nissan will focus on compact cars -- the biggest market in India -- where Maruti, part of Japan's Suzuki Motor Corp., dominates with models such as the Maruti-800 and Alto.
Renault officials said the French firm would initially stick to products under the Logan platform, but may expand that to include other models.
The new plant will also have a powertrain facility to supply the local market and may at some stage consider exports.
Officials did not give details of the plant's powertrain capacity.
Japan's Toyota Motor Corp. plans to build a plant by 2010 near its unit in Bangalore, concentrating on cheaper, smaller cars, a newspaper reported earlier this month.
The facility will aim to produce 100,000 cars a year, roughly doubling the firm's capacity in India, it said.
Tata has a deal with Italy's Fiat SpA to build more than 100,000 cars and 200,000 engines and transmissions together in India from next year.
Nissan has a separate agreement under which Maruti is to build 50,000 compact cars under Nissan's badge, mostly for export to Europe from 2008.
Mahindra also has a separate pact with U.S. firm Navistar International to make trucks and buses in India this year.
Nissan shares closed up 1 percent, Renault was up 0.4 percent and Mahindra added 0.2 percent.
Renault officials said the French firm would initially stick to products under the Logan platform, but may expand that to include other models.
The new plant will also have a powertrain facility to supply the local market and may at some stage consider exports.
Officials did not give details of the plant's powertrain capacity.
Japan's Toyota Motor Corp. plans to build a plant by 2010 near its unit in Bangalore, concentrating on cheaper, smaller cars, a newspaper reported earlier this month.
The facility will aim to produce 100,000 cars a year, roughly doubling the firm's capacity in India, it said.
Tata has a deal with Italy's Fiat SpA to build more than 100,000 cars and 200,000 engines and transmissions together in India from next year.
Nissan has a separate agreement under which Maruti is to build 50,000 compact cars under Nissan's badge, mostly for export to Europe from 2008.
Mahindra also has a separate pact with U.S. firm Navistar International to make trucks and buses in India this year.
Nissan shares closed up 1 percent, Renault was up 0.4 percent and Mahindra added 0.2 percent.
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