Renault to go solo on low-cost car, plans two models
For the low-cost car, sources said Renault is working towards an approximately R2.1 lakh price target (3,000 euros), which puts it between the Tata Nano and the popular Maruti Alto 800. To be developed with Japanese alliance partner Nissan.
The car is expected to hit the roads by end-2014 and will be manufactured at the group plant in Chennai. In fact, Nissan's Datsun will also launch a similarly priced model by the same time, the mechanics of which could be shared.
The second small car, with a higher price target of about Rs 3.6 lakh (5,000 euros) is also being developed alongside and will be priced below the Renault Pulse (the rebadged Nissan Micra).
Sources said Renault, which recently tasted success with the launch of its compact sport utility vehicle (SUV) Duster, is keen to make its presence felt in the small-car market since this is where volumes in India are. For instance, small cars (hatchbacks) account for 65% of the 2-million domestic car market. This segment itself is broken up into three sub-groups – micro, mini and compact, and Renault
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