Renault entered to Indian market by establishing a 51:49 joint venture with Mahindra & Mahindra Limited to form Mahindra Renault Limited in 2005. In 2007, this joint-venture launched their first car Renault Logan, produced at a manufacturing plant in Nashik, Maharashtra. Initially, the Logan met with considerable success but sales slipped with competition against some new launched models from Maruti Suzuki, Tata Motors and Toyota. In February 2010, Mahindra and Renault announced the dissolution of their joint-venture, with Mahindra buying out Renault’s shares. Renault agreed to provide support to M&M through a license agreement as well as to supply key components and the Renault Logan became the Mahindra Verito. After separating from Mahindra & Mahindra, Renault India entered the Indian market on its own and launched some other models including Scala, Fluence, Duster, and Pulse.