1. Renault wants 5% market share in India by end 2016. It’s MD details the plans here.

Renault wants 5% market share in India by end 2016. It’s MD details the plans here.

French automobile major Renault is keen to maintain more than 4 per cent market share in the passenger car segment in India during the year.

By: | Kolkata | Updated: April 13, 2016 8:13 AM
renault-pti-L Sumit Sawhney (left), country CEO and MD Renault Operations in India with Rafael Treguer (right) Vice President Sale and Marketing. (PTI)

French automobile major Renault is keen to maintain more than 4 per cent market share in the passenger car segment in India during the year.

“In the first quarter of calendar 2016, the market share was 4.1 per cent, with 4.9 per cent in March alone”, Renault India VP (sales and marketing), Rafael Treguer said.

He said the company was keen to maintain that level of market share during the entire 2016.

Treguer said Renault was the first European brand in India and was relatively new in the market.

During 2015, the company’s share was 2 per cent, while the growth over 2015 was 20 per cent, positioning it at the number eight slot among the manufacturers in India.

Launching the new variant of compact SUV ‘Duster’ here today, he told reporters that Renault was selling 2,000 units of the car each month.

The highest selling product was the small car ‘Kwid’ clicking a sales figure of 9,000 units per month.

To a query, he said the company was studying the popular taxi-hailing segment where other major players were already present.

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