CHENNAI, India (Reuters) -- Renault-Nissan plan to launch low-cost cars on a jointly developed platform in 2015 aimed at emerging markets such as India.
The automakers have already made investments worth $2.5 billion in India, including on a technology center and on the development of a cheap car platform, CEO Carlos Ghosn said.
"I think you can count that to double in the next five years," he said.
Christian Mardrus, Renault-Nissan managing director for logistics, did not give any details on the cars to be built on the platforms, but said the two companies expect to achieve joint savings of 3.5 billion euros ($4.57 billion) in 2015 as they pool more of their operations.
Renault and Nissan had previously set a joint savings goal of 4 billion euros in 2016.
"We have more and more convergence in our products. In 2015 when we launch the first low-cost car, we will definitely do more than 3 billion euros in cost savings," Mardrus said during a visit by senior Renault-Nissan executives to Chennai, where the alliance has a manufacturing plant.
Nissan on Monday announced it would manufacture the Go five-door hatchback from its revived Datsun brand at the Chennai plant, and sell them for less than 400,000 rupee ($6,700) in India from next year.
The car is the first of several Datsun models and will also be launched in the next two years in Indonesia, Russia and South Africa.