At the Renault-Nissan R&D facility in India, low-cost electric cars are under development, reveals their Global CEO Carlos Ghosn at the Paris Motor Show. These electric cars will be produced in India but will not be sold here. In fact, they will be launched in China, where they are more in demand.
While the company initially believed that United States would take the lead in development of electric vehicles, it is China where increased demand from customers has been noted while support from the Chinese government also plays a significant role. Local players have already initiated cheap electric cars and hence Renault-Nissan is also keen to bring in their own affordable offerings in this segment.
Even though India is not a target market, Renault-Nissan R&D facility in the Chennai, India will be developing these electric cars and the Renault-Nissan alliance has already set aside €4 billion (around $5.2 billion) for electric vehicles and battery developments.
Where demand in India is concerned, Renault said it was still some time for India to mature to hybrid and electric vehicles. But this will soon happen as rising pollution and pressure from the NGT has caused a host of automakers to focus on green and clean alternatives. Renault-Nissan is of the opinion that electric cars will be the future of the auto industry and is hence spearheading such research and development efforts in the country.
As of now, the company is happy that they have received overwhelming response to the Kwid hatchback. The company’s immedite goal for Indian market is to launch more vehicles in between the Kwid and Duster range. A new product each year over the next five years is being planned with most of these offerings in the sub INR 10 lakh segment.
via Economic Times