Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

Renault Clocks In 67% Sales Growth, KWID Cumulative Sales At 1.11 Lakhs

Renault-KWID-Maruti-Sales-October-2016.png

indian-automobile-sales-report-october-2016-header2
renault_english_logo_desktop
Renault India reported sales of 12,409 units against 7,396 units during the same month of the previous year – accounting for a growth of 67%. YTD sales from April-Oct stood at 82,098 units.
Sales of KWID for the month of October stood at 11,215 units against 5,195 units in October 2015 and since its launch, a total of 111,387 units have been sold till date.
renault-kwid-maruti-sales-october-2016
Groupe Renault revenues came to €10,546 million for the quarter. The 13.0% increase was mainly due to the European market’s continuing strong performance and the success of the group’s range. The company’s market share grew across all regions.
In India, Renault registrations multiplied sevenfold thanks to the success of Kwid. 82,771 Kwids have been registered since the start of the year, including 34,350 in the third quarter alone.
Groupe Renault confirmed its guidance for full-year 2016 with India in the range of +7% to +9%.
During the course of the quarter, Renault closed 2 dealerships one each at Ahmedabad and Purnea in Bihar while adding 37 additional dealerships – Tamil Nadu witnessed the highest at 9, followed by 5 in Maharashtra and 4 in Uttar Pradesh.
Like it or hate it, do leave us with your reviews in the comment section below.