Most of the manufacturers want to be in India in the long term. So does Renault. We will see whether the tie-up with M&M leads to more opportunities, said Mr Boccadoro.
He added Renault has traditionally been a provider of powertrain to other companies, which has been a complementary activity to making cars.
The company has also had discussions with Tata Engineering (Telco) in India to provide powertrain for the latters exports. However, Mr Boccadoro declined to divulge further details. Currently, Renault is busy with the Nissan turnaround, apart from new plants in Brazil and Turkey. u
We need to assimilate all these activities in various countries. We cannot be fully active in different parts of the world, said Mr Boccadoro. Mr Boccadoro, who was present at the unveiling of the petrol variant of the Scorpio (christened Rev 116) also said he did not envisage any difficulty in the distribution of the Scorpio in Russia, where Renault also has a presence.
M&M executive director and president (automotive sector) Alan Durante said, M&M will initially be importing the petrol engine directly from France. The localisation process would depend on the demand factor. M&M expects the substantial chunk of demand for the petrol variant to come from exports.