Renault India aims to launch one model every year

French carmaker Renault aims to launch at least one model every year for the next few years in India as part of plans to further consolidate its position in the country.

The company, which saw 160 per cent jump in domestic sales at 12,424 units in March, expects to breach the 5 percent market share in the Indian market well before 2017, which it had announced earlier.

"We have already talked about launching one litre and AMT versions of the Kwid. New Duster has already been launched and going ahead, we plan to launch at least one new model each year in the country over the next few years," Renault India Country CEO and Managing Director Sumit Sawhney told PTI.

When asked to elaborate on the company's plans going forward, he said: "We will continue to bring new products from our global portfolio into the country. We are launching products in the country at regular intervals but we want to ensure that we introduce right products at the right time." With its recently launched small car Kwid tasting success, the company expects its ranking to improve in the Indian passenger vehicle segment.