The company has already sold over 20,000 units in the domestic market since its launch in August this year
French auto major Renault on Wednesday announced a partnership with Castrol India for supply of exclusive aftersales engine oil lubricants in India. The partnership with Castrol India, leading automotive and industrial lubricant firm, will start from January 1, 2020, the company said in a statement. This announcement is an extension of a global strategic partnership between Groupe Renault and Castrol, it added. The two partners will also combine their expertise to deliver a jointly branded product range and premium experience to Renault customers, the company said. Commenting on the partnership, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said, "I am confident that Renault and Castrol's strong and growing partnership will enable us to combine the excellent skills and knowledge across both organisations to explore new opportunities in India's rapidly evolving market." Sandeep Sangwan, who will take over as Castrol India Managing Director with ...
Renault has built a reputation for no-frills cars that hold up well on Indian roads
One of the new CEO's big tasks is to salvage ties with Renault, which have deteriorated since Ghosn's ouster as chairman of both companies
Renault, along with alliance partner Nissan, is still reeling from the arrest in Tokyo last year of former boss Carlos Ghosn on allegations of financial misconduct.
Besides, it also aims to double sales and services network in the country in order to support new products and also its existing customers
The union is expecting to negotiate further to arrive at a final bonus amount, said sources
It is powered by a one-litre petrol engine and comes equipped with various features including four airbags
Triber will be a sub-4-meter car with three rows and a seating capacity of up to seven
In a statement, the Japanese firm said it had received a letter from Renault "indicating intention to abstain from voting"
Senard pressed Nissan for a merger it didn't want, then pursued a mega-deal with Fiat Chrysler Automobiles without telling the Japanese company
Renault's current major partnership is with Japan's Nissan, in which it holds 43 per cent
Talk about fusion or shareholding changes between Renault, Nissan and Mitsubishi was 'reopened a bit dramatically and wasn't necessary,' Senard said
The Financial Times newspaper reported that both Nissan and the Japanese government have refused to engage in merger talks with Renault
Company's new country CEO says if Renault becomes profitable, there will be a cascading effect on other organisations
Renault will start with a slew of new products that will be launched over the second half of this year and next year, apart from giving facelifts to the Kwid and Duster
Renault's new chairman Jean-Dominique Senard, elected after Ghosn resigned, arrived in Japan for talks with partner Nissan in a bid to smooth relations which grew strained under Ghosn's leadership
Ghosn won't benefit from a non-compete agreement that would have paid him two years' compensation
Renault will scrap around 460,000 performance shares attributed to Ghosn since 2014-15
The change will be effective from March 1, 2019, the company said in a statement