Renault planning to grab 2.5 percent stake in India

Published On Jun 03, 2011 05:37 PM By Meenal for Renault Fluence

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According to recent reports in Indian Automobile market, Global car maker Renault said that company is eyeing on 2.5 percent stake in the passenger cars by 2013, increasing up to five percent in future. Renault India vice-president (sales and marketing) Len Curran said that company aims to build a 2.5 percent share in Indian auto market with a total of five percent in future.

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As per reports, Len Curran also commented that their company is in process of launching five new cars in India by 2012 including one hatchback car. Renault has already started marking presence in India with the launch of “Renault Fluence” and Renault’s hatchback SUV “Renault Koleos” is expected to be in-line for release by end of 2011. Curran further said that company is seeking light commercial vehicle market in India and they had not arrive India late but made the entry at right time. Adding to this he said that India Renault is considering India as second largest manufacturing hub in Asia after South Korea. If sources are believed, Renault India in partnership with Nissan had installed a Rs. 4,500-crore Greenfield plant at Chennai, with an aim to encourage environment friendly atmosphere. Also Renault India is seeking export of right-hand-drive markets from India to other countries.

Renault Koleos

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At the launch of Renault Fluence in Chennai, Curran said that Renault is currently having second largest market share in Europe and third largest all over world after Toyota and General Motors. Earlier, Renault arrived in India in alliance with Mahindra Auto and the Renault-Mahindra JV launched “Renault Logan” but it failed to grab the pulse of Indian consumers. Finally Renault alone made a come back on May 29, 2011 with Renault Fluence.