Renault forays into MPV segment with 'Lodgy'

Tech News - The vehicle will compete with the likes of Toyota's Innova, Maruti's Ertiga, Honda's Mobilio and General Motors' Enjoy, which are priced in the range of Rs 5.99 lakh to Rs 15.8 lakh.
  
"Lodgy would fuel our next phase of growth in India. With this vehicle, we will define multi purpose vehicle segment in the country," Renault India Country CEO and MD Sumit Sawhney told reporters here.
  
The vehicle will come in seven variants, priced between Rs 8.19 lakh and Rs 11.79 lakh.
  
Besides Lodgy, the company also plans to introduce a small car this year, a move aimed at achieving 5 percent market share in India by the end of next year, Sawhney said.
  
The company had a market share of just over two percent in the country last year.
  
At present, Duster is Renault's volume driver and a key pillar for its growth in the country. Renault India has so far sold 1.25 lakh Dusters in the country.
  
The company is also looking at expanding its sales network across the country with a target of over 200 touch points by the end of this year.
  
"As of today, we have 157 outlets across the country. By the end of this year we aim to have 205 sales outlets and 280 touch points by the end of next year," Sawhney said.

Source:  Auto News  and Gadgets Reviews India

 

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Renault targets small towns for its upcoming small car

The company, which is set to launch its first multi-purpose vehicle (MPV) 'Lodgy' in India next year, is seeking to strengthen its sales infrastructure in the high-growth smaller towns of the country.
  
"We are looking to increase our presence in tier II-IV markets which will play a key role in growth of automobile industry in India, and our A-entry (small car) will play a key role in meeting this objective," Renault India Country CEO and Managing Director Sumit Sawhney said.
  
Elaborating further, he said Renault's focus in 2015 will be on introducing two new products - the MPV segment and the small car to have a play in the entry level segment, which is the heart of the Indian automotive industry.
  
"We are taking major steps to increase our presence in India and will be entering the volume and growth segments to strengthen our position in India," he added.

Source:  Automotive News and view more Gadget Reviews India

Renault India to launch two models next year

"Renault's focus in 2015 will be on introducing two new products in very exciting segments-the MPV (multi-purpose vehicle) and the A-entry segment, which is the heart of the Indian automotive industry," Sumit Sawhney, the country CEO and managing director of Renault Operations in India, said.

"We are taking major steps to increase our presence in India and will be entering the volume and growth segments to strengthen our position in India,"

"We have a long-term focus on the market and are working towards achieving a five per cent market share in the medium period, within the next three years. This will be done both by launching new vehicles as well as expanding our dealer network," he added.

According to Sawhney, Renault India will further expand its facilities next year, which will be one of the fastest ramp ups by an automobile manufacturer in India.

Source: Automotive News view more Tech Reviews