Renault eyes more sales in India
Automaker Renault India on Wednesday said it will roll-out a multi-purpose vehicle (MPV) \'Lodgy\' and a small car this year and expects to double its sales in two years.
French automaker to launch Lodgy MPV, small car in the country in 2015
Chennai: Automaker Renault India on Wednesday said it will roll-out a multi-purpose vehicle (MPV) 'Lodgy' and a small car this year and expects to double its sales in two years.
"India is a strong market for Renault and we have strong presence in the country. We will launch MPV Lodgy by month-end or early next month.
"After that we will also launch sub-Rs 4 lakh small car. It will be a global car," Renault India Country CEO and MD Sumit Sawhney told reporters here.
Sawhney declined to comment on price of Lodgy but said MPV segment has seen consistent growth and it grew by double digit in 2014 in the domestic market.
On below Rs 4 lakh car, he said: "It is in the developing stage and will be launched after nine months."
The company, which at present gets 80 per cent of its total sales from Duster, expects Lodgy to bring down this share.
"Duster has been volume driver for us. We hope the MPV will also be a volume driver with Duster. Right now 80 per cent of our sales are from Duster. We expect this share to come down when we launch Lodgy," he added.
Renault India currently sells five models - Pulse, Scala, Duster, Fluence and Koleos. Elaborating on the company's growth plans, he said the company's "vision is to achieve over 5 per cent market share in 2016. It is 2 per cent at present".
Renault, which sold about 48,000 units in 2014, expects its sales to double in two years, he added. The company is also gearing up to strengthen its dealership network this year.