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Renault India to export Kwid, ramp up production
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?Chennai, Feb 10: French automobile maker Renault would start exports of its car Kwid to South Asian Association for Regional Cooperation ( SAARC) countries and the car’s parts to Brazil from March onwards and grow over 100 percent in the domestic market, a top official of the group’s Indian subsidiary said.
The company would sell more than 100, 000 units in the domestic market in 2016, launch a revamped Duster model and ramp up production of its car Kwid to 10, 000 units next month, he said.
“Currently we are not big exporters of cars. But starting next month we will be exporting Kwid’s parts to Brazil and completely built units ( CBU) of the car to SAARC countries. We are also exploring African countries, ” Sumit Sawhney, country CEO and managing director, Renault India told reporters here late on Tuesday.
Without putting a number to export target, Sawhney said the company has also opened a parts distribution centre here where auto components are sourced and shipped out to Renault’s other vehicle plants.
According to him car segment priced less than Rs.8 lakh is logging growth for the industry.
On Renault India’s domestic plans Sawhney said the company is on target to have five percent market share by 2017 as the current market share is around four percent.
