Page 2 - Renault

Renault India to hike prices of entire model range by up to 2% from April

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

Renault beats profit forecast in 2024, warns on EU emissions rules

The company, one of the few in the sector to have maintained its targets last year, reported operating profit of 4.3 billion euros ($4.49 billion), up 3.5 per cent on the previous year

Hon Hai offers Renault a lifeline, says open to buying its stake in Nissan

The company, known also as Foxconn, had adopted a wait-and-see attitude while Honda and Nissan worked out a plan to integrate their businesses

Renault 2024 sales volume grows 1.3% with 2.26 mn vehicles, most hybrids

Sales growth, however, slowed sharply from the 9 per cent rise recorded in 2023, as the global auto sector faced a challenging year with inflation weighing on consumer appetite

Renault's big plans: Facelifts for Kiger & Triber, Duster to return in 2026

French automaker Renault is set to refresh its lineup with mid-life updates, marking a change after a four-year gap from introducing new models or major upgrades

Nissan reassigns CFO Ma to China head in management reshuffle: Report

Nissan said last month its half-year net earnings were down more than 90 per cent from the same period last year and cut its annual operating profit forecast by about 70 per cent

Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone

The plant has the capacity to produce engines ranging from 800cc to 1500cc

Renault posts forecast-beating 1.8% rise in Q3 sales amidst strong demand

Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8 per cent from a year earlier and beating an analysts' consensus forecast of 10.35 billion euros provided by the company

No plans to phase out Kwid until rules allow: Renault India MD & CEO

We are very quickly going to announce the timeline of our launches, which should start giving us the turnaround, MD and CEO Venkatram Mamillapalle

Plan to launch six products under alliance with Nissan on track: Renault

The plan to roll out six new products, including two electric vehicles under the Franco-Japanese automotive alliance Renault Nissan, at a total outlay of Rs 5,300 crore has been progressing and is on schedule, a top official of French car major Renault India said on Wednesday. Renault-Nissan, in February 2023, had announced investments of USD 600 million (about Rs 5,300 crore) in India, to bring in six new products, including two electric cars, and an upgradation of their Chennai plant. Renault India Country CEO and Managing Director Venkatram Mamillapalle at an event said on Wednesday that about 70-80 per cent of the total committed investments have been invested so far. "We have announced investments of Rs 5,300 crore to introduce six new products. It (the project) is on schedule. You will be hearing from us hereafter, very soon (on the launch of new models)," he said. Mamillapalle was speaking to reporters after unveiling a new range of "Night and Day Limited Edition" variants .

Renault's first-half sales rises on strong demand for hybrids in Europe

The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe

Automakers Volkswagen, Renault end talks to develop affordable EV: Report

VW sources said a decision on the EV plan is expected within weeks. Thomas Schaefer, CEO of the Volkswagen brand, has said he wants to launch a lower-priced EV by 2027

Renault Q1 sales lifted by financing arm, 2024 profit rises 2% at $12.5 bn

The Renault group sold 549,099 units during the first quarter, up 2.6% from the same period in 2023

Renault, Nissan Motor to drive four new SUVs into India from 2025

Both companies to unveil a five-seater and a seven-seater SUV each

Renault Nissan JV to launch four new products, expand product portfolio

The Renault Nissan Alliance, a joint venture between automakers Japan-based Nissan and France headquartered Renault would launch four new products in the near future, a top official said here on Wednesday. Renault Nissan Alliance Chairperson Jean-Dominique Senard said India is at the heart of the alliance and every part of car manufacturing happens at the India plant. Renault Nissan Automotive India Pvt Ltd is a joint venture company between Nissan and Renault in India and currently retails five products with two being sold under the Nissan platform and three with the Renault badge. On a short visit to the city, Senard, flanked by Nissan Motor Corporation President and CEO Makoto Uchida and Renault Group CEO Luca de Meo, said March 27th marks the 25th anniversary of the alliance in India. "This is our first visit to India and India will continue to have a major role in our alliance. The alliance has invested USD 1.8 billion so far", he told reporters. "India is at the heart of the

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

Renault to launch upgraded variants of its cars to boost sales in India

Renault and its alliance partner Nissan will pump nearly $600 million in India over the next three years in a bid to boost its sales

Renault plans 5 launches in 3 years, eyes double-digit sales growth in 2024

French carmaker Renault is planning to launch five products in the Indian market over the next three years as it looks to tap emerging demand for automobiles in the country, according to a top company executive. The automaker, which saw subdued sales last year owing to various challenges, expects a turnaround in business this year. The company sold around 49,000 units in the domestic market and also shipped close to 28,000 units to various international markets in 2023. "We are definitely eyeing double-digit growth this year... we are refreshing our current product range. Also, there will be marketing actions, so that should help," Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle told PTI. On new product launches, he noted that the company will introduce five products in the next three years. This will be in addition to the investment of 3 billion euros that Renault Brand recently announced for the four key international hubs outside Europe, which ..

Renault to invest $379 million to produce new hybrid SUV in Brazil

The model will be produced at the Curitiba Veiculos de Passeio factory, at the Ayrton Senna Industrial Complex in Sao Jose dos Pinhais in the state of Parana in Brazil

Suzuki to introduce three-cylinder engines: Why is this a big deal?

Suzuki has continued with its four-cylinder engines at a time when most carmakers have shifted to three-cylinder units