Renault Aims to Triple India Share by '29

Renault Plans to Grow Customer Base by Targeting Premium Buyers, and Expand Beyond the Sub-₹10 Lakh Segment

- Ayaan Kartik

Renault India Pvt. Ltd, having less than 1% of the country's car market, laid out on Tuesday ambitious plans to triple its market share within three to four years, with five new vehicle launches and a larger dealer network.

The French automaker's aggressive plans come weeks after it completed the acquisition of Japanese automaker Nissan's stake in manufacturing joint venture Renault Nissan Automotive India Pvt. Ltd.

Post-acquisition, Renault has gained 100% control over the manufacturing unit located in Tamil Nadu with a capacity to produce more than 400,000 vehicles annually.

"The acquisition will help us bring decision-making under one leadership. Due to the presence of two companies, it used to take time to arrive at a common ground and then implement the decision," Venkatram Mamillapalle, managing director and chief executive at Renault India, told Mint.