PARIS (Reuters) - French carmaker Renault posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further "slight growth" this year amid rebounding demand in Russia and Latin America.
Renault's sales rose to a record 3.88 million vehicles last year, including some 166,000 sold through its new partnership with China's Brilliance. Excluding the joint venture, however, global sales fell 1.2 percent.
While the organic sales decline reflected setbacks in Turkey, Iran, China and India, Renault outperformed a weak market at home in Europe, with a 0.5 percent sales gain.
The company said it expects automotive markets to be "stable" in Europe and globally this year, with Russia growing 3 percent and Brazil expanding 10 percent.
(Reporting by Laurence Frost; Editing by Inti Landauro)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
