Volumes will drive Renault India into profits in three years, says new MD

Company plans facelifts for key models, launch of two new ones in bid to double says and achieve 5% market share

French auto major Renault's Indian arm, which has been posting losses the past two years, is aiming at achieving break-even in the next three years on growth, driven by a slew of upcoming launches.

Venkatram Mamillapalle, who took over as Managing Director of Renault India three weeks back amid a drop in unit sale and losses, told Business Standard that the medium-term plan is to double volume to 150,000 units and achieve break-even.

Mamillapalle is bullish about achieving the target despite the fact that retail passenger vehicle sales in the country were down 8.25 per cent, according to the Federation