Renault to Launch MPV & Sub-4 Lakh Car Next Year

French machine major Renault is eyeing five per cent market share in Asian nation at intervals 24-36 months because it gears up to enter volume segments with the launch of a multi-purpose vehicle and a sub Rs. four large integer automotive next year. "We conceive to launch 2 new models within the volume section next year - associate MPV and a sub four large integer automotive. With these new merchandise and therefore the existing portfolio we tend to area unit assured of crossing five per cent market share," Renault Asian nation Country corporate executive and decision maker Sumit Sawhney told reporters here.

The company, that recently launched associate all-wheel drive (AWD) version of mid-sized sports utility vehicle Duster, priced between Rs. 11.89 large integer and Rs. 12.99 large integer (ex-showroom Delhi), incorporates a market share small indefinite amount over a pair of per cent in 2013.

Elaborating on the company's plans, Sawhney same each the MPV and little automotive would facilitate it get volumes as each the segments area unit poised for growth within the Indian market. "MPV section can see a pointy growth within the next 3 years as inter-city travel would increase with the advance in road infrastructure and owing to the approaching of the one hundred new good cities," he added. With Asian nation expected to be the third largest automobile market within the world, presence within the little automotive section within the country is incredibly vital for the corporate, Sawhney same.

"The sub-Rs. four large integer automotive would be a totally new product," he added.

When asked if the new merchandise would be re-badged by partner Nisan within the country, he said: "We have already determined to not rebadge the merchandise. Indian customers don't seem to be terribly forthcoming for cross-badged merchandise."

He another that the corporate is specializing in the domestic market and has stopped exports of Duster to Europe owing to adverse effects of exchange fluctuation. "At this stage with this forex current of air, it does not create economic sense for U.S.A. to export to Europe," he said. The capability of Renault-Nissan alliance plant in Madras has been raised to four.8 large integer units each year from the sooner capability of four large integer units keeping in mind the long run necessities, he added.

The company, that had launched the Duster in 2012 and has oversubscribed over one large integer units of the vehicle to this point, distended the vary with a replacement variant yesterday. The diesel-powered Duster AWD is out there in 2 choices - RxL and RxZ, priced at Rs. 11.89 large integer and Rs. 12.99 lakh, severally. "The Renault Duster 2WD was a runaway success in Asian nation, and that we area unit assured that the new Renault Duster AWD can resonate with machine enthusiasts across the country," Sawhney same.

Currently, the corporate sells Duster with each gas and diesel engines, priced between Rs. 7.86 large integer and Rs. 11.91 large integer (ex-showroom, Delhi).

Renault Asian nation conjointly aims to expand its dealer network to one hundred seventy five shops by the top of 2014, from the one hundred twenty five shops the corporate had at the start of this year, he said.