Renault to Launch Four New Models in India by 2012


Kolkata, Jun 3 (IANS): French auto major Renault will launch one model later this year and three more models next year in India, a top executive of the company said Thursday.

"We will launch Koleos, an SUV variety, in India in October this year. And three more cars will be launched in 2012," Renault India Private Limited vice president, sales and marketing, Len Curran told reporters after launching luxury sedan 'Fluence' here.

"We are looking at 2.5 percent market share in the country by 2013. India is one of the three key strategic countries for Renault. To need to be a serious player in the country, we have to catch 5 percent market share... it is our long-term plan," he said.

He said the Indian car market was coming towards the premium European products.

The company was looking at the opportunity to launch light commercial vehicles (LCVs) in the country.

Renault and Nissan have an alliance greenfield manufacturing facility in Chennai.

"This is the first new greenfield manufacturing plant for Renault and Nissan alliance. The capacity of the plant is 400,000 cars per year. Total investment made is Rs.5,000 crore," Curran said.

Stating that currently the company had 14 dealers across the country, he said the number of dealers will increased to 40 by the end of this year and 100 by the end of next year.

  

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Title: Renault to Launch Four New Models in India by 2012



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