Renault puts on hold India car launch plans indefinitely

MihirC · 2nd July 2010, 12:22

Hi guys just came across this, Itss really shocking, looks like all the plans for the fluence/duster/koleos have gone for a complete toss. Have a go thru. Just today I saw an ad by Renault inviting agencies for dealerships.

Renault puts on hold India car launch plans indefinitelyPress Trust of India / New Delhi April 21, 2009, 12:33 IST

French auto major Renault has put on hold indefinitely its plans to introduce its cars in the Indian market from the upcoming Chennai plant on account of global slowdown, which has affected the firm's worldwide operations.

"We have indefinitely put on hold our product plans...It is because of slowdown that has affected us globally," a senior Renault India official told PTI.

The company, which had already stopped hiring for production activities in its upcoming Chennai facility, is waiting for market conditions to improve.

When contacted, a Renault India spokesperson said, "The construction of the plant is going on, but we have frozen our product plans due to downturn in the global economy.However, we have left our product plan at such a stage that whenever we want to defreeze it, without loss of any time we can do (that) and ramp up the production." While investment for construction of the plant was going on, it has been put on hold on product plans, he added.

Renault India had last year announced plans to invest Rs 4,500 crore over a period of seven years to produce four lakh cars annually from the Chennai plant in alliance with Japanese firm Nissan.

Palio_2005 · 2nd July 2010, 12:49

Wow this is big news but not totally unexpected. Europe is reeling under financial crisis and I am sure Renault would be cash strapped as many European companies are.

Mr_Bean · 2nd July 2010, 13:00

Quote:

Originally Posted by Palio_2005

Wow this is big news but not totally unexpected. Europe is reeling under financial crisis and I am sure Renault would be cash strapped as many European companies are.

Very true, But ever wondered what stops renault from giving cars which are running on decade old platform and engines.

decced · 2nd July 2010, 13:13

This is big news.. Weren't they advertising for dealers in the major newspapers up until a couple of days ago??

shankaranand · 2nd July 2010, 13:27

Quote:

Originally Posted by MihirC

Hi guys just came across this, Itss really shocking, looks like all the plans for the fluence/duster/koleos have gone for a complete toss. Have a go thru. Just today I saw an ad by Renault inviting agencies for dealerships.

Renault puts on hold India car launch plans indefinitelyPress Trust of India / New Delhi April 21, 2009, 12:33 IST

French auto major Renault has put on hold indefinitely its plans to introduce its cars in the Indian market from the upcoming Chennai plant on account of global slowdown, which has affected the firm's worldwide operations.

"We have indefinitely put on hold our product plans...It is because of slowdown that has affected us globally," a senior Renault India official told PTI.

The company, which had already stopped hiring for production activities in its upcoming Chennai facility, is waiting for market conditions to improve.

When contacted, a Renault India spokesperson said, "The construction of the plant is going on, but we have frozen our product plans due to downturn in the global economy.However, we have left our product plan at such a stage that whenever we want to defreeze it, without loss of any time we can do (that) and ramp up the production." While investment for construction of the plant was going on, it has been put on hold on product plans, he added.

Renault India had last year announced plans to invest Rs 4,500 crore over a period of seven years to produce four lakh cars annually from the Chennai plant in alliance with Japanese firm Nissan.

Look at the news date (April 2009) that was when the world economic crisis was at its peak.

This is OLD news. I believe the renault plan is still on.

ph03n!x · 2nd July 2010, 13:43

Well, Indian market is expanding like crazy - they can wait for the world and lose share here, or start off small time and gain foothold here and catchup with the world market when things improve. They are forgetting that Indian market has helped change the fortunes of many brands!

Gansan · 2nd July 2010, 13:47

What recession? I thought recession was behind us. And what relevance does a > 1 year old news item have?

Dippy · 2nd July 2010, 13:50

Note from Support:

The quoted article is more than a year old. Renault are entering the Indian market after a showcase at the Auto Expo this year. Hence this does not warrant a new thread. This thread is now closed

2nd July 2010, 12:22	#1
MihirC BHPian Join Date: Nov 2009 Location: Mumbai Posts: 534 Thanked: 71 Times	Renault puts on hold India car launch plans indefinitely Hi guys just came across this, Itss really shocking, looks like all the plans for the fluence/duster/koleos have gone for a complete toss. Have a go thru. Just today I saw an ad by Renault inviting agencies for dealerships. Renault puts on hold India car launch plans indefinitelyPress Trust of India / New Delhi April 21, 2009, 12:33 IST French auto major Renault has put on hold indefinitely its plans to introduce its cars in the Indian market from the upcoming Chennai plant on account of global slowdown, which has affected the firm's worldwide operations. "We have indefinitely put on hold our product plans...It is because of slowdown that has affected us globally," a senior Renault India official told PTI. The company, which had already stopped hiring for production activities in its upcoming Chennai facility, is waiting for market conditions to improve. When contacted, a Renault India spokesperson said, "The construction of the plant is going on, but we have frozen our product plans due to downturn in the global economy.However, we have left our product plan at such a stage that whenever we want to defreeze it, without loss of any time we can do (that) and ramp up the production." While investment for construction of the plant was going on, it has been put on hold on product plans, he added. Renault India had last year announced plans to invest Rs 4,500 crore over a period of seven years to produce four lakh cars annually from the Chennai plant in alliance with Japanese firm Nissan. Last edited by MihirC : 2nd July 2010 at 12:24.
	() Thanks

2nd July 2010, 12:49	#2
Palio_2005 BHPian Join Date: May 2006 Location: Pune Posts: 991 Thanked: 878 Times	Wow this is big news but not totally unexpected. Europe is reeling under financial crisis and I am sure Renault would be cash strapped as many European companies are.
	() Thanks

2nd July 2010, 13:13	#4
decced BHPian Join Date: Apr 2006 Location: Mumbai Posts: 49 Thanked: 2 Times	This is big news.. Weren't they advertising for dealers in the major newspapers up until a couple of days ago??
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2nd July 2010, 13:43	#6
ph03n!x Senior - BHPian Join Date: Jun 2008 Location: Coimbatore Posts: 2,566 Thanked: 5,960 Times	Well, Indian market is expanding like crazy - they can wait for the world and lose share here, or start off small time and gain foothold here and catchup with the world market when things improve. They are forgetting that Indian market has helped change the fortunes of many brands!
	() Thanks

2nd July 2010, 13:47	#7
Gansan Senior - BHPian Join Date: May 2009 Location: Chennai Posts: 4,535 Thanked: 5,550 Times	What recession? I thought recession was behind us. And what relevance does a > 1 year old news item have?
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2nd July 2010, 13:50	#8
Dippy Senior - BHPian Join Date: Feb 2004 Location: Mumbai, India Posts: 7,558 Thanked: 2,462 Times	Note from Support: The quoted article is more than a year old. Renault are entering the Indian market after a showcase at the Auto Expo this year. Hence this does not warrant a new thread. This thread is now closed
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