- Wealth PMS
We bring you our monthly report on the automobile sales for the month of January, 2017. You can catch all the January Sales here. You can also find all the coverage in relation to the automobile sector here.
Here is how Renault Global termed its India performance:
In India, Renault kept its position as best-selling European automotive brand, with sales up by 145.6%. Kwid registrations totalled 105,745. India rose five places to become the group’s eighth biggest market worldwide. At the International level, the Brazilian and Russian markets are expected to become stable. China shall grow by 5% and India by 8%.
— Groupe Renault (@Groupe_Renault) January 17, 2017
Renault reported sales of 8,791 units in January, 2017 against 8,031 units during the same time last year resulting in a growth of 9.46%.
YTD Sales stood at 111,737 units against 50,544 units.
Renault is due to launch the India bound sub-compact SUV/Crossover vehicle – Kaptur between Oct-Dec of 2017 as it targets one new launch every year in the Indian market and will most likely take on Maruti Suzuki Vitara Brezza, Ford Ecosport and Hyundai Creta.
Here is what Sumit Sawhney, Country CEO and MD of Renault India had to say on the rumours of new products:
Company is in a “portfolio development mode” at a time when it expands retail presence across the country. High local content will be a major focus area for all new products as Renault wants to ensure that car prices are attractive and operating costs are competitive. Company “may look at a crossover” (SUV), which can hit the market during the second half of this year.
You can catch the Budget 2017-18 expectation penned down by Sumit Sawhney here.
Latest dealership count as per the company website stands close to 350 dealerships with at least 50 dealerships inaugurated in January alone – Hyderabad, Baramati, Bhiwani, Bokaro, Etawah, Rewari, Sivakasi and many others getting their first Renault dealerships.
Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.
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