Renault India Sales In FY 2019-20 Registers 12% Growth: Only Brand To Register Sales Growth

Renault India has released its sales figures for the financial year 2019-20. According to their sales report, the company has registered approximately 12% growth in the Indian market.

Renault Sales In India Registers 12% Increase: Only Company To Register Positive Growth In FY2020

The French carmaker closed the FY 2020 with sales of 89,534 units, compared to 79,654 units during the previous financial year. The 12% growth registered from Renault, puts them in a unique position of being the only carmaker to register positive sales numbers in FY 2020.

Renault Sales In India Registers 12% Increase: Only Company To Register Positive Growth In FY2020

The Indian auto industry has had a very tough FY 2019-20, with the slowdown during most parts of 2019 and the current COVID-19 situation from early-2020.

Most other major carmakers, including Maruti Suzuki, Hyundai, Tata Motors have registered a massive decline in sales. Tata Motors has been the worst affected, with sales in FY 2020 dropping by a massive 71% compared to FY 2019.

Renault Sales In India Registers 12% Increase: Only Company To Register Positive Growth In FY2020

Renault, however, has managed to improve its growth in the Indian market. The main reason for the growth of the French brand in India is because of the introduction of the Triber MPV and the Kwid facelift in India.

Renault Sales In India Registers 12% Increase: Only Company To Register Positive Growth In FY2020

Both cars, the Renault Triber and the Kwid facelift brought in a fresh design language, along with offering a host of features and equipment. This helped Renault attract more customers toward the two products in the Indian market. Also, the fact that Renault was able to keep the price of both models extremely competitive added to the sales.

The Renault Triber managed to register a total sales of over 33,000 units in the previous financial year. The Renault Kwid facelift also performed well bringing in over 46,000 units as well.

Renault Sales In India Registers 12% Increase: Only Company To Register Positive Growth In FY2020

The remaining sales came from the Duster SUV, which was also updated last year. The SUV registered 7,837 units. All other models in Renault's India lineup failed to bring in any sales. This includes the Captur and Lodgy, both of which managed just triple-digit sales.

Renault Sales In India Registers 12% Increase: Only Company To Register Positive Growth In FY2020

Thoughts On The Renault India Sales During FY 2020

Renault, a company which for a long time has been struggling to find its footing in the Indian market, has become the only carmaker to register positive sales in FY 2020. The introduction of the Triber and Kwid facelift are the main reason for this positive number.

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Article Published On: Monday, April 13, 2020, 19:56 [IST]
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