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Eyeing 5% market share goal by 2030

Financial Express Kochi

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April 23, 2025

In five years, Renault plans to sell close to 500,000 cars in India, which is more than 12 times the current level. The company sold 38,000 cars in the financial year ending March, 2025. Chief executive officer Venkatram Mamillapalle spoke to Narayanan V about the company's aggressive growth strategy and the new Design Centre in Chennai, the French auto major's largest outside France. Excerpts:

- VENKATRAM MAMILLAPALLE, COUNTRY CEO AND MD, RENAULT INDIA OPERATIONS

In five years, Renault plans to sell close to 500,000 cars in India, which is more than 12 times the current level. The company sold 38,000 cars in the financial year ending March, 2025. Chief executive officer Venkatram Mamillapalle spoke to Narayanan V about the company's aggressive growth strategy and the new Design Centre in Chennai, the French auto major's largest outside France. Excerpts:

What will the Renault Design Centre in Chennai do?

From drawing a line on the board to finishing a car's styling, the designers in the new studio will do complete 360-degree designing of Renault's future models. The folks at the design studio are basically involved from sketch to the car's finish through drawings. Then they put the dimensions to it—like each part has to have this much length, width, size etc. All those definitions happen in the design studio. It then goes to engineering, where each part gets designed and manufactured separately.

Earlier, all these design works were done in Paris, and then it would come to RNTBCI, where they convert those designs into drawings—CAD designs into parts. An ICE-engine car has about 2,000 parts. Instead of France, we are going to do all those designs in India—in the same time zone, for Indian customers, with Indian engineers sitting here and making cars for India.

But you already have RNTBCI?

MEER VERHALEN VAN Financial Express Kochi

Financial Express Kochi

PM inaugurates Skyroot's orbital rocket in Hyderabad

PRIME MINISTER NARENDRA Modi on Thursday unveiled space startup Skyroot's first orbital rocket and praised Gen Z professionals for creating new technologies.

time to read

1 min

November 28, 2025

Financial Express Kochi

Govt pushes green farm tools to boost food output by ’47

THE GOVERNMENT WILL prioritise green fuel-based farm machinery and enhance access to mechanisation for small and marginal farmers as part of India's vision to become a global food basket by 2047, Agriculture Secretary Devesh Chaturvedi said on Thursday.

time to read

1 min

November 28, 2025

Financial Express Kochi

Cyclone Ditwah moves toward TN & Andhra

THE INDIA METEOROLOGICAL Department (IMD) Thursday afternoon said that cyclone Ditwah had developed in the southwest Bay of Bengal.

time to read

1 mins

November 28, 2025

Financial Express Kochi

TCS signs deal with SAP to drive cloud, Gen AI reboot

FIVE-YEAR CONTRACT BUILDS ON PARTNERSHIP OF OVER 2 DECADES

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2 mins

November 28, 2025

Financial Express Kochi

Airtel likely to dial up capex by 56% in FY27

Broadband & 5G network upgrade, data centre push key capex drivers

time to read

1 mins

November 28, 2025

Financial Express Kochi

Unified portal soon to help retrieve unclaimed assets

THE FINANCE MINISTRY is working with the Reserve Bank to develop a unified portal to enable savers and retail investors to claim all unclaimed assets across asset classes such as bank deposits, pension fund, shares, and dividends, Department of Financial Services Secretary M Nagaraju said on Thursday.

time to read

1 min

November 28, 2025

Financial Express Kochi

NBBL targets one billion monthly transactions

NPCI BHARAT BILLPAY'S (NBBL) platform aims to process 1 billion transaction per month over the next three years, said Noopur Chaturvedi, MD & CEO of NBBL, a wholly owned subsidiary of the National Payments Corporation of India.

time to read

1 min

November 28, 2025

Financial Express Kochi

Meesho to raise up to ₹5,400 crore through IPO

INDIAN E-COMMERCE PLATFORM Meesho will raise up to %5,400 crore through an initial public offering that will open on December 3, sources said.

time to read

1 min

November 28, 2025

Financial Express Kochi

Benchmarks touch lifetime highs

ACCORDING TO Aashish P Sommaiyaa, ED & CEO of WhiteOak Capital AMC, while domestic flows are sustainable, FPI outflows are abating and there are early signs of change.

time to read

1 mins

November 28, 2025

Financial Express Kochi

Private telcos flag gaps in DPDP Rules

THE CELLULAR OPERATORS Association of India (COAI), which represents the three private telcos in the country, has said that several areas in the Digital Personal Data Protection (DPDP) Rules, 2025 require clearer articulation to support smoother and industry-aligned compliance.

time to read

1 min

November 28, 2025

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