SME Times News Bureau | 20 May, 2015
Unveiling Renault's global small 800cc car Renault Kwid on Wednesday, a top company official said the model would mark the French automobile major's entry into the volume segment in India.
"The Renault Kwid will be priced between Rs.3 to 4 lakh and sales would start happening during this September-November festive season," Carlos Ghosn, chairman and CEO Renault Group told reporters here.
He was here to showcase Renault's new offering to the Indian market.
According to him, Renault Kwid would be the company's conquest car fighting against the likes of Maruti Suzuki and Hyundai Motor India.
Ghosn said Renault Kwid is the first car to be rolled out on a common platform (architecture) designed in alliance with Japanese automobile maker Nissan Motor Company.
He said Nissan Motor would launch its small car sometime next year.
Queried whether Renault would have India as an export hub for its overseas markets for the new car, Ghosn said the country could be the production and export hub for the South East Asian region.
"If the car has to have 98 percent local content then it has to be made in the market where it would be sold. The new car will not be shipped out of India to South America," he said.
