French automaker Renault plans to launch at least one new model in India every year over the next few years. The company sold 12,424 units in March.
According to Sumit Sawhney, country CEO and managing director, Renault India Operations, the company is keen to introduce the right products at the right time in the country. Renault plans to launch one litre and AMT versions of its popular Kwid in India.
The French carmaker was hoping to achieve a market share of five per cent by 2017, but looking at the huge demand for its models, Sawhney expects to reach the target by the end of this year.
The company sold 29,289 cars during the first three months of 2016, a 157 per cent growth over the same period in 2015. India is today among the top five markets for Renault globally, said Sawhney.
The fully-owned subsidiary of Renault S.A.S. France currently offers seven models in the Indian market – the premium sedan Fluence, the luxury SUV Koleos, the premium compact car Pulse, the segment-breaker SUV Duster, the premium sedan Scala, the MPV Lodgy and the recently-launched global compact hatchback, Renault Kwid.
Renault India cars are manufactured at its facility in Oragadam, Chennai. It has a production capacity of 480,000 units per annum. The company also has a network of more than 205 sales and service facilities across the country.