Renault has announced its intention to acquire full ownership of the French end-of-life vehicle (ELV) recycling network Indra. This strategic move will be executed through Renault's subsidiary "The Future is Neutral" (TFIN), marking a significant step towards enhancing the company’s sustainability initiatives in the automotive sector.

Indra has been operating as a 50/50 joint venture between Renault and the French environmental group Suez since 2011, focusing on the recycling and proper disposal of vehicles that have reached the end of their lifecycle. By taking full control of Indra, Renault aims to streamline its recycling operations and bolster its commitment to circular economy practices within the automotive industry. ♻️

The acquisition is currently under review by the French competition authority, reflecting the regulatory considerations that accompany such significant transactions. This move aligns with broader industry trends towards sustainability, as automotive manufacturers increasingly prioritize eco-friendly practices in response to growing environmental concerns. 🌍✨