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Kwid
Renault India today said that its volume driver product Kwid has crossed 1.30 lakh sales since it was launched.For the French brand, Kwid has been a volume driver in India. The company has forayed into the compact hatchback segment with KWID. Together with first time buyers, KWID has been instrumental in Renault witnessing new and diverse consumer trends across urban and rural India. Renault launched the KWID with a 0.8L engine and in a short span of time introduced the 1.0L MTand Easy R- AMT variants to cater to various customers, said the company."In a short span of time, Renault has grown its presence exponentially in India, becoming one of the youngest and fastest growing automotive brands and the number one European brand," company's statement added.Renault grew its market share to 4.5 per cent at the end of 2016, achieving a robust three-digit growth over 2015.After the 1.0L MT and AMT launches last year, Renault has a lot of plans for KWIDto keep pace with evolving customer ...
With the success of the Kwid, Renault has reached its market share target for the country well ahead of time. So when the company launched a more powerful version of the Kwid, a member of the audience asked Manager Director and Chief Executive Officer (CEO) Sumit Sawhney if he was thinking of revising the market share target upwards. Sawhney promptly said he was expecting that question from his global CEO and not from the media.