Renault Kwid export operations to start in March with Sri Lanka as first market
The popular Renault Kwid will be shipped overseas starting from next month, reports Autocar Pro. The first shipment would be destined to Sri Lanka, following which other SAARC markets like Bangladesh, Bhutan and Nepal will be added to the list.
The commencement of export operations comes even as the SUV-ish hatchback has a long waiting period in the domestic market. The company is on course to increase the production capacity of the Kwid to 10,000 units a month, thereby reducing the waiting period by 30-40%. As of now, the average waiting period for the hatchback in India is 4-5 months depending on the variant.
In addition to the SAARC countries, the car will also be exported to other markets like Latin America and Africa, albeit in CKD form. Given that the car has a localization level of 98%, the export operations would greatly benefit the India-based component suppliers.
Sumit Sawhney, MD, Renault India, said that though volumes from SAARC countries would be limited for the time being due to heavy import duty structure for automobiles, the markets would eventually become more friendly in the future.
Once the export operations are up and running smoothly, the India-made Renault Kwid will venture into more and more markets.
Renault Kwid RaceR Concept – Photos
Via – Autocarpro.in