Renault India wants to triple the market share with five new cars, extensive network

Copyright © HT Digital Streams Limit all rights reserved. Companies Ayaan Kartik 2 min Read 22 Apr 2025, 10:54 AM IST By 2027, Renault plans five new launches, which would include 2 SUVs and an electric vehicle. (Bloomberg) Summary By 2027, the company plans five new launches, which would include 2 SUVs and an electric vehicle. In addition, it will also increase the number of traders of the current 362 points of contact across the country. Chennai: Renault India Pvt. Ltd., which currently owns less than 1% of the country’s car market, outlined ambitious plans on Tuesday to triple its market share in three years, powered by five new vehicles and an extensive dealer network. The aggressive plans of the French car manufacturer come a few weeks after the acquisition of Japanese car manufacturer Nissan’s interest in their manufacturing joint venture Renault Nissan Automotive India PVT. Ltd. After this acquisition, Renault gained 100% control over the car manufacturing facility in Tamil Nadu which has the ability to produce more than 400,000 vehicles annually. Also read: Nissan to reduce the Japanese production of the best-selling American model due to rates, says the source “The acquisition will now help us to bring decision-making under one guidance. Due to the presence of two companies, it took time to get to a common basis and then implement the decision,” said Venkatram Mamillapalle, managing director and general manager. By 2027, the company is planning five new launches, which will include two SUVs and an electric vehicle (EV). In addition, it will also increase the number of traders of the current 362 points of contact across the country. The company, which entered the Indian market in 2005, brings an important change in its strategy to broaden its customer base and includes more premium buyers. “We usually targeted the sub- £ 10 lakh segment, but now our customer profile will have a diversification to extend beyond £ 10 Lakh,” Mamillapalle said. Along with its manufacturing unit, it also consolidated its design centers in one in Chennai from two earlier. Through this center, which is threefold of the size of its previous design studios, the company will design cars for the Indian and world markets. Also read: Trump has given car manufacturers a tariff break. This causes more confusion Renault India sold 38,636 cars in the financial year 2025 (FY25), about 18% lower than the previous year. The market share also dropped below 1% during the year to reach 0.93%. This comes at a time when the total car market in India grew by almost 5% to take up retail sales of 4.15 million units during FY25. “Our goal is to increase volumes and to fully utilize the capacity at our plant in Tamil Nadu. Increased volumes will be a by -product of acquiring market share we need to do,” Mamillapalle noted. As part of its international plan, the Renault group India has identified as a priority market with others such as Brazil and South Korea. In Renault Group’s global sales, India is 13th place in its top 15 markets. But an increasing market share in a slow car market is easier said than done, given that the country’s top five car manufacturers, led by Maruti Suzuki, Hyundai and Tata Motors, were more than 80% of sales in the last fiscal. Also read: Ather Energy IPO: First Headboard Offer of FY26 to open on April 28; Issue size cut. Check the details here. In addition, a slowdown in retail sales, amid poor consumer sentiment, also increased the stock levels at traders of less than two weeks for top players in January to about 50 days in March. ‘The forecast for April and May seems gloomy as a decrease in retail activity is expected,’ analysts at PhillipCapital wrote in a March 30 note. However, Mamillapalle hits an optimistic note. “The revenue tax benefits of the government, repo rate cut by RBI and salary bonuses in the next few months should help boost car sales,” he said. Catch all the corporate news and updates on live currency. Download the Mint News app to get daily market updates and live business news. More Topics #nissan Motors #manufacuring #Auto #india Mint Special