Company seeks to leverage 98% of localisation of materials and will launch one car every year 2017 onwards
It is an over eight-fold jump from 1,527 units sold in August 2016
Will compete with Maruti Suzuki Alto K10 and Hyundai Eon
Company also plans to increase its sales network to 270 outlets by the end of this year
The French car maker has gained a firm footing in the small car segment, and is well on its way to becoming the topmost European car brand in the country
Company has ramped up plans for the small car segment, and is set to exit 2016 as the topmost European brand in the country
Renault India has exported 441 units so far in April-June this fiscal, as against just 56 same period last fiscal
A large part of the credit for the Kwid's success goes to sourcing of local components. This allowed Renault to launch the car at Rs 2.56 lakh in September 2015
Net profit came in at 1.5 billion euros on sales of 25.2 billion euros
Priced between Rs 2.57 lakh and Rs 3.53 lakh, Kwid was launched in September last year
Urban crossover priced at Rs 2.3 lakh
To add 60 outlets in 2016 against earlier plan of 30, thus to take its network strength to 270
It has joined the certified used car bandwagon in India in partnership with Trident Auto
The pre-owned car market in India has steadily gained momentum over the past decade
The company sold 12,426 units in April as against 4,001 units last year
During 2015, the company's share was 2%, while the growth over 2015 was 20%
During January-March, the company cumulatively sold 29,289 units as against 11,404 units in the year-ago period
To meet demand for Renault Kwid and new Datsun
Company's Kwid continues to play a pivotal role in the expansion plans in India