Renault expects sales growth of 8% in India this year
The Dollar Business Bureau French automobile manufacturer Renault expects that the company’s sales in India to rise by 8% in 2017, with the country becoming its eighth largest market globally driven by the successful entry-level small segment car model Kwid. Groupe Renault, which witness a record worldwide sales of 31,82,625 units surging by 13.3% in 2016, recorded a sales growth of 145.6% in India. “In India, Renault kept its position as best-selling European automotive brand, with sales up by 145.6%. Kwid registrations totalled 1,05,745. India rose five places to become the groups eighth-biggest market worldwide,” Renault said in a statement. The company’s sales globally were growing for the fourth year in a row, it added. “In the Africa/ India/Middle-East market, Renault’s registrations increased by 36.4%, providing ...
Car exports from India plunge by nearly 4% in Apr-Feb
The Dollar Business Bureau Exports of Indian passenger cars dipped by 3.71% to 484,602 units as compared to 503,292 units in the same period of last year, mainly because of new and more challenges in the top markets that India regularly exports to Europe, Algeria and their neighbouring countries. Last year, the car exports from India had declined by 1.66% to 542,082 units due to new challenges in the export market from Europe, Sri Lanka and Algeria. The Society of Indian Automobile Manufacturer (SIAM) feels that the decrease in exports of cars from India this year is because of some issues in Algeria. Algeria is ahead of other countries in terms of purchasing more number of Indian cars. But, the country’s ...
