Renault India targets 1 lakh sales this year
PTI Renault India, which started its Indian operations independently four years ago, is aiming to cross the one lakh sales mark this calendar year. "So far from January to August 2016, we have sold 87,000 cars out of which 65,000 units are Kwid. We hope that full-year sales will cross 1 lakh," said Sumit Sawhney, country CEO and MD of Renault India. Last year, the company sold only 50,000 cars, he said. On the company's strategy for the Indian market, he said "Every year, we will be launching a brand new car from next year. We are now in the portfolio development mode." Kwid, the mini car from the Renault stable, was among the top 10 best-selling cars in India at ...
Allow 100% FDI in retail through public private partnership, industry body tells govt
The Dollar Business Bureau The government should allow Foreign Direct Investment (FDI) in multi-brand retail through Public-Private Partnership (PPP) while providing level-playing field for domestic retailers, the Associated Chamber of Commerce and Industry (ASSOCHAM) said. “It is important to allow the entry of FDI into this sector in a properly regulated fashion. We must guard against the risk of these new corporations becoming monopolistic and charging high price. FDI in retail may also help bring in technical knowhow to set up efficient supply chains which could act as models of development,” the industry body said in a study. Highlighting the positive impact of opening 100% FDI in retail, the ASSOCHAM said that the move will lead to the creation of a ...
