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Caustic News Renault India achieves 4.9 percent market share in March
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    HomeBusinessRenault India achieves 4.9 percent market share in March

Renault India achieves 4.9 percent market share in March

IANS 09 Apr, 2016 Business ,

Renault India

Kolkata- On the strength of its small car Kwid and SUV Duster, Renault India had a 4.9 percent share of the Indian passenger car market in March, a top company official said on Saturday.

“We have got 4.9 percent market share in March and have sold 12,400 units in the month,” Rafael Treguer, vice president, sales and marketing, said on the sidelines of the launch here of a new variant of Duster.

Kwid, Lodgy and Duster contributed to the handsome growth in sales in March, he said.

The French carmaker sold 2000 units of Duster, 500-600 units of Lodgy and more than 9000 units of Kwid in March.

“In January to March quarter, we acquired 4.1 percent share of Indian passenger car market. We aim to achieve five percent market share by end of 2016,” he said.

That’s a revision of the earlier target to reach five percent market share by the end of 2017.

The company had just a two percent market share in 2015, he said.

Renault India enjoys close to a seven percent market share in the SUV segment, Treguer said.

The company plans to expand its pan India showroom outlets network to 270 by 2016 end from 205 outlets in 2015.

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