Renault is betting big on its entry-level hatchback, the Kwid to finally make a mark in India.
The French auto major who has been around in India for 11 years now, hopes to grab over five percent market share in the highly competitive Indian auto space by the end of 2017, Managing Director and Chief Executive Officer, Sumit Sawhney told BloombergQuint on the sidelines of the World Economic Forum's India Economic Summit in Delhi.
The automaker had in 2014 announced plans to reach five percent in terms of market share by 2017, and is on track to not only reach the mark but cross it.Sumit Sawhney, MD and CEO, Renault India
Renault India which managed to sell 20,000 units of the Kwid in both August and September, competes against Maruti Suzuki India Ltd.'s Alto which has a monthly dispatch of around 25,000 units.
Renault now plans to launch an automated manual transmission variant of the Kwid "in a matter of weeks", added Sawhney.
Renault's current offerings in India include the Kwid, another compact hatchback Pulse, compact sport utility vehicle Duster, mid-sized sedan Scala, and an utility vehicle Lodgy.
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