Outside Europe, Renault operates in five major hubs — Brazil, India, Turkey, Korea and Morocco. Among these, India and Brazil are projected to account for nearly 50% of the French automaker's global growth in the coming years
Fabrice Cambolive, Chief Growth Officer and CEO of the Renault brand at Renault Group, said the trade pact has the potential to reshape automotive flows between the two regions.
Renault plans to at least double its India line-up, which consists of the Kwid and small cars Kiger and Triber.
Renault is tapping Katrin Adt, a longtime Mercedes-Benz Group AG executive, to succeed Denis Le Vot as head of the popular Dacia brand
Minto is taking over from Luca de Meo, who is leaving for Gucci owner Kering SA
Renault offers only three models in the Indian market at present.
Renault Group will acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp, taking complete ownership of the manufacturing plant
Renault will continue designing its electric Twingo, scheduled to hit the market in 2026.
Tata Motors leads with the Punch EV in 2024, while Maruti Suzuki, Hyundai, Kia, Renault, Mahindra, Mercedes Benz, and Audi among others gear up with their offerings
The Duster gets unique upgrades for the new generation including a bold new design, a new strong hybrid engine as well as ADAS safety tech.
The next-gen Renault Duster comes not only with new styling but new engine options. In fact, while adding new hybrid tech to their petrol range, Renault has done away with the old diesel powertrains.
Renault's new Duster promises rugged charm & advanced tech. With electrified engines & 4x4 options, it's set to conquer global roads, hitting India by 2025.
Venkatram Mamillapalle, CEO & MD, Renault India Operations, said the company needs to see the economics of investments because if it does not get volumes, it is the customer who gets burdened.
The agreements that have been signed today allow us to step into the next chapter of the alliance, said Jean-Dominique Senard, chairman of the alliance.
The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault said.