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Renault plans to launch V-platform model in 3 months

French car maker Renault plans to launch V-platform model within 3 months, as there is an increasing demand for small cars in India

Renault is planning to launch a V-platform model within three months from now, as there is an rising demand for smaller cars in India,  Business Standard reported.

Sudhir Rao, deputy managing director, Renault India said, “With complete focus on the domestic market, the  plan is to roll out the small car at the Auto Expo in January next year.”  He added, “The car will be positioned between (Maruti’s) Swift and (Nissan’s) Micra.”  Sudhir Rao refused to divulge any further details.

The small car is being tested at the Renault-Nissan’s factory on the city’s outskirts at Oragadam, where the Renault-Nissan joint venture partners are investing around Rs 4,5000 crore. The anticipated car’s launch will help Renault achieve its target of 1 lakh units with five products by 2013.

Besides, Renault will also launch three more cars next year to have five models on offer, including a4x4 SUV and the Koleos to be launched this year. The yearly sales are forecasted to be around 100,000 units by 2013. To back this plan, the French car maker will have 100 dealerships in place by end 2012.

Fluence, the first Renault car to be assembled in India, is to be followed by a high-end sports utility vehicle this year, the Koleos, and three cars next year, including a lower-cost hatch back, the reports said. The number of dealers will be increased to 100 from the current 15, said Rao. “For now, we are not looking at exports. Renault will focus only on the domestic market,”  he added. 

The French car maker also plans to increase its components sourcing to Euros 100 million next year from 65 million. At present, 30 vendors from India cater to Renault’s overseas plants.

Renault is a French automaker producing cars, vans, auto rail vehicles, trucks, tractors, vans and also buses. It’s tie-up with Nissan makes it the world’s third largest automaker.

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