Renault India, the Indian arm of the French automobile major Renault is targeting a market share of more than 3 percent in the Indian car industry. The carmaker’s aim is to increase its market share to more than its global average market share of 3.2 percent.
The current market of Renault in the Indian car market stands at 2.3 percent. Mr. Gilles Normand Chairman of Asia Pacific Region Renault stated that the carmaker aims to match its global average of market share in the Indian car market. He added that in order to achieve the same, a lot would depend on its future launches and the market conditions.
Mr. Normand states that the carmaker expects to achieve the aforesaid market share by the year 2016-18. The French automaker plans to take things at an appropriate pace since India is a new market for it.
Renault is considering developing a product for the multi-utility vehicle segment in addition to entering into the sub-Rs 4,00,000 car segment. The carmaker currently sells five car models in India and expects to sell about 65,000 units in the current fiscal 2013-14. It clocked 35,000 unit sales in the year 2012-13.
