Renault Group India 2014-2016 plans: Entry level car and 5% market share

Renault has exceeded its 2011-2013 objective and delivered €2.5 billion in cumulative free cash flow. Efforts are now being concerted to “Drive the Change” to be measured in 2017 and entails generating 50 billion euros in consolidated turnover, and to reach an operating margin greater than 5% of turnover with positive free cash flow each year.

“Our strategy laid out in the first part of our plan Drive the Change has delivered results. Thanks to these achievements, the Renault group is well prepared to deploy a second ambitious, yet realistic phase of the plan”, said Carlos Ghosn, Chairman and CEO of Renault.

Renault-KWID-Concept2011 – 2013 Achievements see new Clio as number 1 in France and number 3 in Europe. Captur as leading-selling cross-over in France and segment leader in Europe. Non-European sales have increased from 38% in 2010 to 50% in 2013. Brazil and Russia are the 2nd and 3rd largest markets for Renault. Duster is the company’s most-sold vehicle in 2013.

2014 – 2016 action plans entail sustained renewal and expansion of the product line-up beginning in 2014 fall with launch of All-new Twingo and Trafic van. Espace, Megane, Scenic and a new D sedan of the new alliance 3 million CMF C-D platform will be in focus. Cross-over vehicles will be key, and an A-entry vehicle designed for India and South America apart from new pick-up trucks for emerging markets.

International expansion and renewed growth in Europe will be vital. Renault Group looks at 8% market share in Brazil and Russia and 5% in India. New plant in Wuhan, China has initial capacity of 150,000 units, designed to produce C and D segment cross-overs.