Renault looks to maintain 4% market share this year

During 2015, the company's share was 2%, while the growth over 2015 was 20%

French automobile major Renault is keen to maintain more than four per cent market share in the passenger car segment in India during the year.

“In the first quarter of the calendar 2016, the market share was 4.1 per cent, with 4.9 per cent in March alone,” Renault India vice-president (sales and marketing) Rafael Treguer said.

He said the company was keen to maintain that level of market share during the entire 2016.

Treguer said Renault was the first European brand in India and was relatively new in the market.

During 2015, the company’s share was two per cent, while the growth over the year was 20 per cent, positioning it at the number eight slot among the manufacturers in India.

Launching the new variant of compact SUV “Duster” here on Saturday, Treguer told reporters that Renault was selling 2,000 units of the car each month.

The highest selling product was the small car “Kwid”, clicking a sales figure of 9,000 units per month.

Treguer said the company was studying the popular taxi-hailing segment where other major players were already present.