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Renault India to export Kwid, ramp up production
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SME Times News Bureau | 10 Feb, 2016
French automobile maker Renault would start exports of its car Kwid to
South Asian Association for Regional Cooperation (SAARC) countries and
the car's parts to Brazil from March onwards and grow over 100 percent
in the domestic market, a top official of the group's Indian subsidiary
said.
The company would sell more than 100,000 units in the
domestic market in 2016, launch a revamped Duster model and ramp up
production of its car Kwid to 10,000 units next month, he said.
"Currently
we are not big exporters of cars. But starting next month we will be
exporting Kwid's parts to Brazil and completely built units (CBU) of the
car to SAARC countries. We are also exploring African countries," Sumit
Sawhney, country CEO and managing director, Renault India told
reporters here late on Tuesday.
Without putting a number to
export target, Sawhney said the company has also opened a parts
distribution centre here where auto components are sourced and shipped
out to Renault's other vehicle plants.
According to him car segment priced less than Rs.8 lakh is logging growth for the industry.
On
Renault India's domestic plans Sawhney said the company is on target to
have five percent market share by 2017 as the current market share is
around four percent.
He said the company will not only expand its distribution network to 240 by 2016 end but also introduce a mobile workshop.
"The
mobile workshop will be a proper workshop that can service around six
cars a day. Our Lodgy car has been remodelled as a workshop. These
vehicles can reach smaller towns for servicing," he added.
According to him, Renault India has over 100,000 bookings for its Kwid model and is the number two in its segment.
He
said Renault India's customer profile is equally distributed among
first time car buyers, those who buy for replacement of their existing
cars and also those who want additional car for the family.
"Around 14-15 percent are female buyers who get the vehicles registered in their names," he added.
Queried
about the company's readiness to have its cars compliant to Bharat
Stage VI (BS CI) emission norms by 2020 Sawhney said: "We are capable to
meet the norms and are ready."
According to him, the issue is the availability of quality fuel by 2019 so that vehicle manufacturers can test their engines.
"Cars
fitted with Euro IV norms compliant engine can run with fuel used for
Euro III engines. But a Euro VI emission norm complaint car can run only
when it has the appropriate fuel," Sawhney added.
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