French auto major Renault today said it was looking at launching zero emission electric vehicles (EVs) in India by the middle of this decade. The company, which today unveiled its city two-seater ‘Twizy’ in the country, also plans to produce up to 500,000 units of EVs globally by 2014.

“We will launch the electric versions of our family saloon ‘Fluence’ and the compact utility vehicle ‘Kangoo’ in 2011 in Denmark and Israel, followed by the launch of Twizy. We hope to bring all these cars to India within four years of their global launch,” Renault Vice-President (Corporate Affairs and Communications) Ashish Sinharoy said.

Also Read   Related Stories News Now - Renault to launch EVs in India by '14 - U'khand may get Bajaj-Renault car project - Steel Strips Wheels bags order from Renault - India Eco Summit: Strengthening public transport - Renault-Nissan finally signs ultra-low-cost deal with Bajaj - India Eco Summit: Bajaj, Renault-Nissan finalise venture

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers More

The company plans to introduce the car in the European market post 2012.

All the Renault models will use lithium-ion batteries. While Twizy has a single charge mileage of 100 km, Fluence and Kangoo will run up to 140-160 km in a single charge.

In 2011, the company plans to start with production of 50,000 units of EVs at its facilities in France and Israel and hopes to reach a figure of 500,000 units in the following three years.

Renault had invested ¤4 billion ($5.71 billion) for development of its zero emission platform over the last five years. The Israeli government has offered tax incentives for 30 years, besides committing investment of $1.5 billion as part of its agreement with the company.

The company will also unveil its compact saloon, Zoe, during the inaugural day of the Delhi Auto Expo tomorrow.

“We are in discussions with the Delhi government to finalise details regarding special incentives for EVs, like tax benefits, besides planning to enter into talks with other state governments,” Renault Country General Manager Marc Nassif said.

He further said: “Globally we have entered into over 30 memoranda of understandings with various national governments and local authorities for launching zero emission EVs. We hope to enter into such agreements in India as well.”

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : French auto | Renault | zero emission electric | Kangoo | Delhi Auto Expo   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  "Discover The Power of One" -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here