Renault and partner Nissan Motor created a parts-procurement venture with AvtoVAZ, Russia’s biggest carmaker, as the manufacturers seek to limit costs as they expand in the country in a three-way tie-up.

The venture is modeled on the 12-year-old Renault-Nissan Purchasing Organization, which holds a 50 percent stake in the new Russian entity, with AvtoVAZ owning the other half, the companies said in a joint statement on Wednesday.