Renault-Nissan CEO Carlos Ghosn has confirmed that India will remain the sole production hub for Kwid, its entry-level hatchback.
Renault Kwid will only be manufactured in the country and shipped out of Indian shores, Ghosn said at the ongoing World Economic Forum in Davos, Switzerland.
Offered in four variants — Standard, RxE, RxL and RxT — Kwid features a 799cc three-cylinder petrol engine, which churns out 53bhp and a peak torque of 72Nm with a five-speed manual gearbox.
The first car to be built on the CMF-A platform, Kwid offers the best-in-class mileage at 25.17kmpl.
The high 98 per cent localisation in the production process has resulted in its aggressive pricing. Kwid is priced in the Rs2.56 lakh to Rs3.53 lakh (ex-showroom, New Delhi) bracket.
The competitive pricing and best in class features have made the car very popular with Indian buyers. Renault Kwid has managed to receive bookings for over 85,000 of cars compelling the company to ramp up production to meet the unprecedented demand. The waiting period for the entry level model has gone up to 10 months in certain cities.
Renault decided to increase the production from 6,000 to 10,000 units a month in mid-December to reduce the waiting period. The increase will happen from February or March 2016.