[RavenAvi]

Having invested Rs 500 crores into it's Indian arm recently through allotting 50 crore shares (valued at Rs 10 each) via it's Indian subsidiary, French auto giant Renault is now preparing to invest another 3,000 crore rupees over the next 4 years. This is to support the slew of product launches it has planned for the Indian domestic market.

Encouraged by the success of the Kwid small car, Renault is working out an aggressive product strategy for India. It plans to introduce one new product every year and bring SUVs, MPVs, crossovers and sedans priced under Rs 8 lakh to challenge the market dominance of Maruti Suzuki and Hyundai Motor India. A large part of the planned investment will be in products and R&D resources, as manufacturing capacity is already in place.

"The sense of confidence in India is very high," said a person with knowledge of the company's plans. "The brand's presence in the top three global markets — China, US and Japan — is fairly modest. Now it has got a headstart in India, which is set to become the third largest market in the world in the coming decade. With a CMF-A platform, there are lot more segments the brand plans to address in coming years."

Renault is seeking to bridge the gap between the Kwid and the Duster SUV with more B-segment cars in the sub-Rs 8 lakh market, as well as drive in a more premium SUV — internally codenamed HHA, it is likely to be launched during the festive season of next year and take on models such as the Mahindra XUV 500. At Renault, the message to the Indian team is clear, "think big", Bernard Cambier, the company's chairman for the Africa-Middle East-India Region, said during a recent interaction with Indian media. "I am fighting for investments and more models. We have a big engineering centre, robust purchasing department, the aim is to work towards more 100 per cent localised Indian models. Clearly the longterm ambition is to be in the top 3 — the podium — if not, then you are not a serious challenger," Cambier said, while declining to divulge specific information on products or investments.

On potential opportunities, Cambier said with the modular CMF-A, Renault can address a significant part of the sub-Rs 8 lakh market. "The B segment accounts for 60 per cent of the overall car market, Renault will have offerings in future to address that space. Having addressed all wide spaces, we should look at a minimum of 7-8 per cent market share in the mid-to-long term in India," Cambier said.

ET

[volkman10]

Renault Symbol India-bound, To Replace Scala.



Likely to replace the Scala sedan, the new Renault Symbol is expected to be launched in Indian market in the next 2 years.

The year 2016 was marked by changes in family Sandero and Logan. In Europe, where they are sold as Dacia, won its first facelift. In Brazil, the pair received new engines, while in some European countries, such as Renault was revealed to be their new lead.

Unlike the Dacia Logan and his more discreet facelift, the Renault Logan, or Symbol in some markets, will have more impactful changes.
It also gets the C-shaped LED DRLs integrated into the headlamps. Interior on the other hand will take inputs from the Duster SUV and will pack an array of features in tandem with C-segment

To rival established players like the Honda City, Maruti Ciaz , Hyundai Verna,Volkswagen's Vento, etc.
Hence to give it a good start, Renault will have to price it competitively which seems likely as it will underpin the BO platform and localisation will further curb pricing.

Link

[y2ksrs]

Originally Posted by volkman10

Renault Symbol India-bound, To Replace Scala.

Will the current gen Symbol or the next gen Symbol come to India? It will be a travesty if Renault replaces the Scala with the current gen Symbol, even with that facelift. The current Symbol is nothing but a rebadged Dacia Logan and that car was introduced in 2012. If Renault brings a 7 year old model in 2019 and expect it to sell by competing against the likes of City, Ciaz, Vento and Verna, they must be smoking something far worse than pot!! At best this can compete against the compact sedans and not a segment higher than that. That will also give this a size advantage over the other sub 4 meter rivals.

[redbaron91]

Originally Posted by jetsetgo08

98% localization, yet they manage to price the duster above 10 Lakhs. Isn't it time for renault to reduce the price of duster, make profits even though it is in its last lap.

The 98% localization doesn't apply here to Duster.Duster was launched in India with 70% localization, due course through localization activity (Change management), it was increased to 85%.
Few major parts which was localized recently include drive shafts, wheel hubs, control arms etc. Further localization is not practical as the product is nearing it's life cycle.