Renault wants to sell 100,000 cars a year in India by the end of 2013

Article by Christian A., on May 20, 2011

Renault SA is targeting sales of 100,000 vehicles annually in India by the end of 2013 as it launches its first car model in the country since it terminated a joint venture with Mahindra & Mahindra Ltd. in 2010.

The company will bring to the market in New Delhi the Fluence sedan on May 23. It is planning to sell as many as five models by December next year with 100 dealers all over the country, the company’s general manager for India, Marc Nassif, disclosed.

He said that the company will “try to deliver more” and to enhance the visibility of the brand. He also stated that the company will grow “from zero at the moment” to 100,000 by the end of 2013.

The company is aiming to grab at least 5 percent auto market share in India by 2020, banking on the expected growth of local car sales that will more than triple to 6 million annually. The Fluence model will rival Volkswagen AG's Jetta and Toyota Motor Corp.'s Corolla model, according to Nassif.

During the year ended March 31, Toyota recorded 10,707 sales of Corollas in India based on the data from the Society of Indian Automobile Manufacturers. Nassif declined to reveal the model's price before the introduction.

On another note, Pawan Goenka, president of the auto-industry group, disclosed last April 8 that the growth of car sales in India may slow to 18 percent this year starting April 1 because of the rising borrowing costs and higher prices.

Sales rose to 1.98 million, or 30 percent, which is the highest jump in at least nine years, in the year ended March, based on the group’s data.

Topics: renault, india

If you liked the article, share on:

Comments

Recommended

Ever since the Regera premiered in 2016, Koenigsegg has been firm about increasing its coverage around the globe. Part of the idea was to ask its employees in Angelholm to...
by - February 21, 2017
There is no harm in admitting that both the conventional and the hybrid versions of the Lexus LC 500 are real stunners when it comes to its exterior styling. Even...
by - February 21, 2017
Jaguar is placing three new Ingenium engines on the F-Pace crossover, XF saloon and XE sedan for the 2018 model year. According to Jaguar’s recent announcement, the updates will also...
by - February 21, 2017
After Volkswagen snagged Toyota’s crown as the world’s best-selling automaker, there’s no stopping the Japanese manufacturer from dominating the hybrid arena. As of January 31st , Toyota’s increasing global unit...
by - February 21, 2017
There is no denying that the performance versions of the Jaguar F-Type and the Land Rover Range Rover are definitely hot – both in terms of looks and road dynamics....
by - February 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries