Renault India Intends to Increase its Market Share to 2.5% by 2013

French car manufacturer, Renault which recently launched their new Fluence model in India, said that they aim to increase their market share in the passenger auto segment to 2.5% by 2013, and in the long-term to 5%.

The company VP of Marketing and Sales, Len Curran, said that by 2013, they hope to increase their market share to 2.5%, and to 5% in long term. Curran also added that they will be adding 5 more models to their portfolio in India this year and the next, one of which is a hatchback model. He added that they are eyeing the LCV segment in India.

Renault India, a JV of the Nissan and Renault alliance, had opened a Rs.4500 crore plant in Chennai. Curran said that the company is also looking forward to exporting to other right-hand drive auto countries from India. The company currently has the second highest market share in the European auto market, and globally the third highest following GM and Toyota.

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