French automobile maker Renault would gradually build its portfolio of cars in India to script a consistent growth trajectory in the country, an official of the company said. Also Read - Renault Zoe electric vehicle to launch in India soon, will be showcased at Auto Expo 2020Also Read - Car makers Hyundai, Kia invest $300 million in Ola
“Renault started operations in India six years back and now has a portfolio of three cars, Kwid, Duster and Lodgy and build it step-by-step. We want to expand our portfolio by launching one car each year”, MD and CEO of Renault India Sumit Sawhney said.
Unveiling the new ‘Captur’ premium SUV on Friday, Sawhney said that within six years, the company was the seventh largest player with an annual sales of one lakh units with a market share of four percent. While Kwid is positioned in the small car segment and highest selling for Renault India, Duster and Lodgy are in the SUV and MPV segments. The company had discontinued its other four models, Scala, Fluence, Koleos and Pulse.
Sawhney said that the price of its premium SUV Captur would be decided later while the car was expected to be launched by the end of this month. The company was also aggressively expanding its network of dealers across the country to to drive sales. To a query, he said that in India, 70 percent of the sales was in the sub-four metres, while the highest growth was in the SUV category. ALSO READ: Transformation to electric cars is inevitable: Renault India
He said Renault India would explore more opportunities in the sub-four meters segment, adding that the company was waiting for the right policy decision to launch electric cars in the country. With its production base in Chennai shared by Nissan, Renault India has two design centers in Mumbai and Chennai and one technology center in Chennai. ALSO READ: Renault cuts vehicle prices by up to 7% to pass on GST benefit