In a press release, CEO Carlos Ghosn announced a new project for the Renault-Nissan Alliance in the development of new vehicles based on the the Common Module Family (CMF-A), a modular shared platform.

The program, internally named CMF-A, covers the most affordable category of cars in the Common Module Family, Renault-Nissan’s new unique, modular system of vehicle architecture. Ghosn's announcement means the first full program to be collaborated on by Renault and Nissan from the ground up

The CMF approach defines vehicles as five essential modules: the engine bay, cockpit, front underbody, rear underbody and electrical/electronic architecture. The compatible parts can then be assembled into hundreds of possible configurations, for maximum efficiency and brand differentiation (as opposed to badge engineering).

Production of vehicles within the CMF-A scope will begin in 2015 at the Renault-Nissan Alliance plant in Chennai, India. Currently, the plant has a maximum capacity of 400,000 vehicles per year.

The news comes after Ghosn revealed the return of the Datsun brand with the GO, a 5-door hatchback also aimed at emerging markets.

“We are breaking new ground with CMF-A to meet and exceed the high standards of consumers in the world’s fastest growing economies – particularly people buying a new car for the first time,” Ghosn said at Renault Nissan Technology Business Center in India. “These influential consumers don’t want a decontented car originally intended for consumers in mature markets. They want and deserve a car that is modern, robust and stylish – at a price point that represents a ‘cost breakthrough’ for such a generous vehicle.”