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Renault Small Car To Be Above Bajaj ULC
In the meantime, Renault is scheduling five new car launches for the period 2011-2013 which includes premium hatchback, and will start with Fluence sedan and Koleos MUV in the concluding period of 2011. He insisted that the Indian car market has the potential to push another small car where Renault intends to play safe. The car should be affordable and Renault has such a niche, he added. For Renault India is another potential region after Brazil and Russia to expand the global market. For this Renault is aiming to devise some right products at right price with different features. He listed that the Indian car market has the projected volume of 6 million+ units by 2020 with more and more potential in the offing. Hence the focus is now on India rather than China, he added.
He further revealed that the Indian customers should feel that they got good product at no cheaper price and which meets every requirement. Renault"s global share is 14% as its sale increased to 2.6 million units last year of which nearly 1 million gathered outside Europe. He refused to divulge about the exact market for the compact cars in India. With an investment of Rs.4500 crore for erecting a plant in Chennai, Renault-Nissan duo has the annual yield of 4 lakh units and Nissan has already rolled out its fast selling Micra from this facility.
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