Renault to up sourcing from India by 50%

Written by Ronojoy Banerjee | Ronojoy Banerjee | New Delhi | Updated: Aug 27 2010, 05:30am hrs
The Indian subsidiary of French automaker Renault is looking to ramp up sourcing from India for its products globally. The company's country general manager Marc Nassif told FE that the company would increase sourcing from India by 40-50% in the current calendar year from the previous year.

We have a platform in Pune...we are looking to increase sourcing from India for our products in Europe and South America, he said. Renault India is going to launch up to five models between mid-2011 and mid-2013. This forms a part of the company's strategy to be present in every segment of the growing passenger car maket.

Nassif said among the five cars it is going to launch in India, one of them would be a hatchback in the Rs 3.5-5 lakh price range. FE had reported in June that Renault is going to launch a hathcback. In fact, senior officials from Renault and Nissan have been engaged in discussions on how to make Renault's proposed hatchback different from Nissan's Micra to minimise possibilities of cannibalisation.