Arab Today, arab today renault eyes 100000 annual car sales in india
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Renault eyes 100,000 annual car sales in India

Arab Today, arab today

Arab Today, arab today Renault eyes 100,000 annual car sales in India

MUMBAI - Arabstoday

Renault aims to sell 100,000 cars a year in India by the end of 2013, as the French automaker introduces its first model in the Asian country since exiting a joint venture with Mahindra & Mahindra Ltd last year. The carmaker will introduce the Fluence sedan on May 23 in New Delhi and plans to sell as many as five models by December 2012, when it expects to have 100 dealers across the country, Marc Nassif, the Boulogne Billancourt, France-based company's general manager for India, said in a phone interview on Thursday. "We'll try to deliver more and make the brand more visible," Nassif said. "We will grow from zero at the moment to 100,000 by the end of 2013." Renault aims to capture at least 5 per cent of the Indian auto market by 2020 as it expects local vehicle sales to more than triple to 6 million a year. The Fluence will compete for customers with Toyota Motor Corp's Corolla model and Volkswagen AG's Jetta, Nassif said. Toyota sold 10,707 Corollas in India in the year ended on March 31, according to data from the Society of Indian Automobile Manufacturers. Nassif declined to reveal the model's price before the introduction. Toyota expansion India's car sales growth may slow to 18 per cent in the year started April 1 due to higher prices and rising borrowing costs, Pawan Goenka, president of the auto-industry group, said on April 8. Sales surged 30 per cent, the most in at least nine years, to 1.98 million in the year ended in March, according to the group. Toyota, the world's largest automaker, said in March it would raise Indian plant capacity 40 per cent to 210,000 cars a year by September because of surging demand for Etios, Corolla and Fortuner vehicles. Ford Motor Co intends to add eight models in the nation by 2015. Renault will build the Fluence, the Koleos sport-utility vehicle and three other models including a hatchback, another SUV and a sedan in a plant it shares with affiliate Nissan Motor Co near Chennai in southern India. Nissan and Renault will double the plant's capacity to 400,000 cars a year by next year, Nassif said. Mahindra, India's largest maker of sport-utility vehicles, agreed to buy Renault's 49 per cent stake in a venture that made the Logan sedan in April last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today renault eyes 100000 annual car sales in india Arab Today, arab today renault eyes 100000 annual car sales in india

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today renault eyes 100000 annual car sales in india Arab Today, arab today renault eyes 100000 annual car sales in india

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday