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Renault Bets Big on India: New Models & Exports by 2030
16 Apr
Summary
- Renault to launch four new models by 2030.
- India targeted as export hub with €2 billion target.
- Focus on affordable models and modular platforms.
Renault SA has designated India as a top priority for growth this year, envisioning the country as a crucial sales and export center.
The carmaker plans to launch four new gasoline-fired and electrified models in India by the year 2030. Renault's CEO, Francois Provost, highlighted India as a primary growth market, stating the company's intention to expand operations there independently.
This strategic move aims to transform Renault's India operations into a key manufacturing hub, projecting annual exports of €2 billion from the country by the end of the decade. This expansion aligns with Renault's broader strategy to leverage lower-cost markets and modular platforms.
The company is developing an entry platform to support vehicles priced below 1 million rupees, targeting at least 90% local value-addition through its modular platform. This initiative will enhance competitiveness and serve global markets.
