Renault aims at 5 per cent market share with sub-Rs. 4 lakh car

Renault India has said it is aiming to double its market share to 5 per cent over the next 3-4 years, riding its sub-Rs. 4 lakh car. "Our current market share is 2.6 per cent and in the mid-term (3-4 Years) we aim to double the market share," Renault country chief executive and managing director Sumit Sawhney said in Kolkata at the launch of the company's second showroom in the city. The sub-Rs. 4 lakh car proposed to be launched in 2015 would help in achieving the target, he said. Mr Sawhney also said the plan for a captive financing arm that would support both Nissan and Renault is there and the process had been initiated for the same. The financing arm for the alliance partners will support credit related support to dealers and customers. Mr Sawhney declined to comment on whether RCI Banque was planning to launch its business in India. RCI Banque is part of the Renault Group and carries out its financing activities. Source :  http://profit.ndtv.com/news/industries/article-renault-aims-at-5-per-cent-market-share-with-sub-rs-4-lakh-car-383004