Just In
- 9 hrs ago Xiaomi SU7 Electric Car Launched – May End Apple Inc.
- 10 hrs ago India's Leading Car Exports in February 2024: A Comprehensive Overview
- 10 hrs ago Marelli Develops Revolutionary Automotive Lighting Platform In China
- 11 hrs ago Honda Motorcycle & Scooter India Reaches 6 Crore Sales Milestone
Don't Miss!
- Finance 1:2 Split, 70% Dividend YTD: ICICI Direct Gives Buy On Cochin Shipyard; Miniratna Stock Up 280% In 1 Year
- Sports Rajasthan Royals Rising Star Riyan Parag's Redemption Story Takes Center Stage in IPL 2024
- Lifestyle Aditi Rao Hydari's 8 Tips for Glowing Skin: A Celebrity Skincare Routine Unveiled, Bonus Tips Included!
- Movies Krishna Mohini Promo: Fahmaan Khan- Debattama Saha's New Show Looks Promising, To REPLACE THIS Drama?
- News Jailed Gangster-Turned-Politician Mukhtar Ansari Dies Of Heart Attack
- Technology HONOR Pad 9 With Bluetooth Keyboard Up For Grabs At Rs 22,499 in India
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Renault Plans To Enter Used Vehicle Business In India
French automobile manufacturer, Renault offers a few products in India. They are definitely not among the top sellers and only a few of their products are doing well. Now the manufacturer is setting up plans to enter the used vehicle business to create more presence.
Renault will work on a similar business model like other companies. They will re-sell all vehicles and will not only work with their products. The French manufacturer will use a multi-brand platform to sell used vehicles in India.
Mahindra & Mahindra is also present in the used vehicle business known as First Choice. Maruti Suzuki sells used vehicles through its True Value franchisee and Toyota has set up iTrust. The used vehicle market is huge in India, however, it lack proper organisation and these companies plan on capitalising this moment.
Renault currently runs used vehicle business in several countries around the world. They are confident that once their new business is set up, it would not take them much time to catch up with its competitors. They will, however, have to come up with some new strategy to set them apart in this crowd.
Currently Renault India has not come up with a name for their used vehicle business. They will be announcing the inauguration of their service soon. It is unclear in which markets will Renault sell used cars. They will be able to provide finance options as well as the manufacturer has a tie-up with a particular bank for its new vehicles.