The investment plan covers the development of a local supplier network, as well as the modernisation of the factory’s equipment and tooling.

The addition of this new platform will guarantee the continuing production of Renault vehicles in Argentina. The platform will also allow Renault Argentina to add new models to its production plan in the medium and long terms.

“Argentina is a key location for the Renault group as far as the development of its production strategy and sales growth in the Americas region are concerned. The aim is to maintain this expansion and also reinforce the brand’s footing in the country,” said Renault Argentina’s CEO Thierry Koskas.

Production of the Renault Logan, Sandero and Sandero Stepway will begin mid-2016, with the vehicles themselves due to go on sale in the last quarter of the same year.