By : ONCars.in
Source : http://www.oncars.in
Category : Investment In India
The Renault Nissan alliance has continued to up its investment in India, building their Oragadam facility near Chennai and also developing new vehicles for the developing markets, Of course most of the activities have been India centric, but the plan is also to build this plant as a major export hub for all the developing markets. Both the companies have rebadged each other’s products for the Indian market, trying to get economies of scale.
Continuing on the same lines, we now have confirmation that Renault plans to build a global small car and kickoff its operations from India. The car developed under code name, I2, will placed in the entry-level segment and will compete with the Maruti Alto and Hyundai Eon. This bit of information comes as no surprise, as Nissan announced revival of the Datsun brand for developing markets – which will only offer low price budget cars. The same platform will once again be shared with Renault, although the French badge will come for a premium.
Just like the Datsun small car, Renault has also confirmed that this will be a global product. So we are expecting the car to be exported to few other countries. Renault’s Gerard Detourbet, who is expert in frugal engineering, has been appointed for developing their least expensive product.
At present Renault offers three cars in India and will launch two more – the compact SUV Duster and sedan based on the Nissan Micra by end of this year. There are also rumours that Renault may rebadged the Evalia MPV for the Indian market.
Source : http://www.oncars.in/Car-News-Detail/Renault-developing-a-global-small-car-will-launch-in-India-first/2407
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