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French auto major Renault is looking for the EV ecosystem in India to mature before getting into the space. The company also said it is expecting to complete the acquisition of Nissan stake in the Chennai manufacturing plant "very soon." Earlier, Renault rolled out the all-new, seven-seater Multi Purpose Vehicle (MPV) Triber at a starting price of Rs 6.29 lakh (ex-showroom). "We are doing our analysis. We are looking for the whole ecosystem to mature before we put the product in place," said Venkatram Mamillapalle, Managing Director at Renault India. Currently, what Renault India is looking for is the "maturity of the market, the regulation and the ecosystem. All three together," he added. He said that the company is going to be there in multi-powertrain options, including electric, adding, "We will take an appropriate time to announce the launches, and one at a time. " "CNG and gasoline are already there. So we are talking about other energies. The endeavour to come to that lev
European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault saw the biggest sales dip in India to 37,900 units in 2024-2025 from 45,439 units in 2023-2024, and 78,926 units in 2022-2023. Similarly, Skoda's sales in India in 2024-2025 were at 44,866 units, marginally higher from 44,522 units in 2023-2024, but down from 52,269 units in 2022-2023. On the other hand, the Volkswagen brand posted sales of 42,230 units in 2024-25, down from 43,197 units in 2023-2024. The brand had clocked sales of 41,263 units in 2022-2023. "Renault, Skoda, and Volkswagen faced several headwinds in India despite their tenure," JATO Dynamics India President Ravi G Bhatia told PTI. Explaining why these brands have struggled in India, he
French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL). "The proposed combination relates to the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd Japan and Nissan Overseas Investments B V in the target (RNAIPL) by acquirer 1 (Renault Group B V) and its nominee, acquirer 2 (Renault SAS)," a notice filed with the Competition Commission of India (CCI) said on May 16. Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and ..
Automaker Renault India on Thursday said it will increase prices of its entire model range by up to 2 per cent from April. The extent of the increase will vary for different variants and models, the company said in a statement. The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period, it added. "Despite our best efforts to maintain prices for a long time, the sustained increase in input costs has necessitated this price adjustment," Renault India Country CEO and MD Venkatram Mamillapalle said. The company has been absorbing these costs for a long time to support customers, but to continue providing the best quality and innovative products, a price revision has become inevitable, he added. This is the first price hike announced by Renault India since Feb 2023, the automaker noted. Various carmakers, including Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars, have already announced plans to hik
Automaker Renault India on Tuesday said it has partnered with technology-enabled digital service provider BLS E-Services to enhance availability and accessibility of its vehicles in rural India. The two partners have signed a memorandum of understanding (MoU) for enhancing the reach of Renault's 2024 range of Kwid, Triber and Kiger in the rural market, the company said in a statement. Under the collaboration, Renault India will leverage BLS E-Services' widespread network of approximately 1 lakh touchpoints, along with 1,016 digital stores to drive awareness and facilitate sales of Renault cars in rural and semi-urban regions across the country, it added. "Rural India holds great potential for us, and through our collaboration with BLS E-Services, we aspire to deepen our presence in these markets by introducing our made-in-India, made for the world cars that are designed to cater the unique preferences of our customers," Renault India Vice President of Sales and Marketing Sudhir ...