comscore Auto Expo 2018: Renault India targets double volume, market share in 5 years
News

Auto Expo 2018: Renault India targets double volume, market share in 5 years

Renault plans to launch one new model in India every year.

  • Published: February 8, 2018 9:36 AM IST
renault-logo-stock-getty

Renault India, which unveiled a slew of models from its global portfolio at the Auto Expo here today, said it is hopeful meeting its both medium and long-term targets wherein it plans to double the volume and market share. Also Read - FIR filed against Twitter India again, now over child pornography content

With around 5 percent market share, the French auto major with just four models Kwid, Duster, Captur and the Lodgy is the largest European car brand and the seventh largest overall in the country. Its medium-term volume target is to sell over 1 lakh annually and also to consistently retain 5 percent market share. Also Read - Mi Notebook Pro X to be Xiaomi's most expensive laptop yet, launch tomorrow

“While we have been hitting 5 percent market share often, we haven’t yet closed a full year with that pie. So meeting that is the immediate priority. Also Read - Ola to offer free oxygen concentrators to the needy

“Over the next five years, we have set a target of doubling our volumes, from a little over 1 lakh now, as well as market share to 10 percent,” Sumit Sawhney, managing director and chief executive at Renault India, told PTI.

He said that will continue with its strategy of building on brand by brand and will add one new model to its portfolio annually, thus explaining the lack of a new launch at the Expo as its 2018 model is already on the road in the Captur, which is a premium SUV.

At the ongoing Delhi Auto Expo, the company today unveiled the Trezor, which is an all-electric Grand Tourer concept car; the Zoe e-Sport concept that defined by its expressive design, with sportiness taken to the extreme and is the best-bestselling EV in Europe.

It also unveiled a racing car with a Formula 1 RS 17, which is the first car put together from scratch by the Renault Sport Formula One Team.

The two-seater electric coupe Trezor has been awarded the ‘most beautiful concept car’ at several global platforms, said Fabrice Cambolive, senior vice-president and chairman for India and Africa, Middle East.

On the country’s EV push, Sawhney said, Renault is a leader in EVs in Europe and as and when the market is ready they will have enough models to serve them.

“But infrastructure is the key concern. While the industry is looking at the government for support and policy clarity, they are looking at us for infrastructure, which is not feasible for us. We also need clarity on incentives for going into EVs in terms of R&D sops, etc,” he said.

On the market response to the Captur, he said the vehicle is not yet nationally available and that its petrol version is yet to reach the dealers.

Sawhney downplayed the dip in its volume, saying he will still maintain the overall target of 1 lakh units and that the reason for the dip in volume is primarily because the Kwid segment is degrowing.

“The Kwid segment, which is our volume topper, had degrown 2 percent last year and is slipping this year as well. Yet we are selling around 8,000 units a month. So I will be able to meet my target of 1 lakh units a year.” On the MPV model Lodgy, he said, the company is nowhere near its target of 1,000 units a month, and is trending at under 500 now.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: February 8, 2018 9:36 AM IST



new arrivals in india

Xiaomi Redmi Note 10T 5G
Xiaomi Redmi Note 10T 5G

13,999

Samsung Galaxy F22
Samsung Galaxy F22

12,499

Xiaomi Mi 11 Lite
Xiaomi Mi 11 Lite

21,999

Infinix Note 10 Pro
Infinix Note 10 Pro

16,999

Infinix Note 10
Infinix Note 10

10,999

Vivo Y73
Vivo Y73

20,990

OnePlus Nord CE 5G
OnePlus Nord CE 5G

22,999

iQOO Z3
iQOO Z3

19,990

Realme C25s
Realme C25s

9,999

Poco M3 Pro 5G
Poco M3 Pro 5G

13,999

Realme X7 Max 5G
Realme X7 Max 5G

26,999

Oppo F19
Oppo F19

18,990

Motorola Moto G40 Fusion
Motorola Moto G40 Fusion

13,999

POCO M2 Reloaded
POCO M2 Reloaded

9,499

OPPO A74 5G
OPPO A74 5G

17,990

Oppo A53s 5G
Oppo A53s 5G

14,990

Vivo V21 5G
Vivo V21 5G

29,990

Realme C25
Realme C25

9,499

Realme C21
Realme C21

7,999

Realme C20
Realme C20

6,799

Motorola Moto G60
Motorola Moto G60

17,999

iQOO 7
iQOO 7

31,990

Samsung Galaxy M42 5G
Samsung Galaxy M42 5G

21,999

Xiaomi Mi 11 Ultra
Xiaomi Mi 11 Ultra

69,999

Xiaomi Mi 11X Pro 5G
Xiaomi Mi 11X Pro 5G

39,999

Xiaomi Mi 11X
Xiaomi Mi 11X

29,999

Realme 8 5G
Realme 8 5G

13,999

Samsung Galaxy F02s
Samsung Galaxy F02s

8,999

Samsung Galaxy F12
Samsung Galaxy F12

10,999

POCO X3 Pro
POCO X3 Pro

18,999

Realme 8 Pro
Realme 8 Pro

17,999

Realme 8
Realme 8

14,999

Vivo X60 Pro Plus
Vivo X60 Pro Plus

69,990

Vivo X60 Pro
Vivo X60 Pro

49,990

Vivo X60
Vivo X60

37,990

OnePlus 9 Pro 5G
OnePlus 9 Pro 5G

64,999

OnePlus 9R 5G
OnePlus 9R 5G

39,999

OnePlus 9 5G
OnePlus 9 5G

49,999

Samsung Galaxy A72
Samsung Galaxy A72

34,999

Samsung Galaxy A52
Samsung Galaxy A52

26,499

Micromax In 1
Micromax In 1

10,499

Asus ROG Phone 5
Asus ROG Phone 5

49,999

Samsung Galaxy M12
Samsung Galaxy M12

10,999

Motorola Moto G30
Motorola Moto G30

10,999

Motorola Moto G10 Power
Motorola Moto G10 Power

9,999

Oppo F19 Pro Plus 5G
Oppo F19 Pro Plus 5G

25,990

Oppo F19 Pro
Oppo F19 Pro

21,490

Xiaomi Redmi Note 10 Pro Max
Xiaomi Redmi Note 10 Pro Max

18,999

Xiaomi Redmi Note 10 Pro
Xiaomi Redmi Note 10 Pro

15,999

Xiaomi Redmi Note 10
Xiaomi Redmi Note 10

11,999

Realme Narzo 30A
Realme Narzo 30A

8,999

Realme Narzo 30 Pro
Realme Narzo 30 Pro

16,999

Infinix Smart 5
Infinix Smart 5

7,199

Samsung Galaxy F62
Samsung Galaxy F62

23,999

Samsung Galaxy A12
Samsung Galaxy A12

12,999

Nokia 5.4
Nokia 5.4

13,999

Nokia 3.4
Nokia 3.4

11,999

Realme X7 Pro 5G
Realme X7 Pro 5G

29,999

Realme X7
Realme X7

19,999

Vivo Y31
Vivo Y31

16,490

Oppo Reno5 Pro 5G
Oppo Reno5 Pro 5G

35,990

Samsung Galaxy S21 Ultra 5G
Samsung Galaxy S21 Ultra 5G

1,05,999

Samsung Galaxy S21 Plus 5G
Samsung Galaxy S21 Plus 5G

81,999

Samsung Galaxy S21 5G
Samsung Galaxy S21 5G

69,999

Vivo Y12s
Vivo Y12s

9,990

Vivo Y51A
Vivo Y51A

17,990

Samsung Galaxy M02s
Samsung Galaxy M02s

8,999

Xiaomi Mi 10i
Xiaomi Mi 10i

21,999

Oppo A15s
Oppo A15s

11,490

Tecno Spark 6 Go
Tecno Spark 6 Go

8,499

Vivo V20 2021
Vivo V20 2021

24,990

Vivo Y20A
Vivo Y20A

11,490

Xiaomi Redmi 9 Power
Xiaomi Redmi 9 Power

11,999

Motorola Moto G9 Power
Motorola Moto G9 Power

11,999

Motorola Moto G 5G
Motorola Moto G 5G

20,999

Vivo V20 Pro
Vivo V20 Pro

29,990

Xiaomi Mi 10T
Xiaomi Mi 10T

35,999

Xiaomi Redmi 9i
Xiaomi Redmi 9i

8,299

Xiaomi Mi 10T Pro
Xiaomi Mi 10T Pro

39,999

Infinix Hot 10
Infinix Hot 10

9,999

Vivo V20 SE
Vivo V20 SE

20,990

Vivo V20
Vivo V20

24,990

Micromax In 1b
Micromax In 1b

6,999

Micromax In Note 1
Micromax In Note 1

10,999

OnePlus 8T
OnePlus 8T

42,999

Samsung Galaxy F41
Samsung Galaxy F41

15,499

Apple iPhone 12 Pro Max
Apple iPhone 12 Pro Max

1,29,900

Apple iPhone 12 Pro
Apple iPhone 12 Pro

1,19,900

Apple iPhone 12 Mini
Apple iPhone 12 Mini

69,900

Apple iPhone 12
Apple iPhone 12

79,900

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

13,999

Oppo F17
Oppo F17

16,990

Samsung Galaxy M51
Samsung Galaxy M51

22,999

Best Sellers