“We’re sticking to our objectives of a 4.5 percent operating margin for 2008… and we are maintaining our volume growth projection of more than 10 percent,” Ghosn told a Renault shareholder general assembly. Read more
Courtesy: economictimes.indiatimes.com
Archive for the 'Renault' Category
Renault-Bajaj small car in first half of 2011
Published April 30th, 2008 in Bajaj auto and Renault. 0 Comments?We are exploring right-hand drive markets like South Asia, and Africa amongst others to export the Logan. We plan to start exports this year,? said Mr Nalin Mehta, Chief Operating Officer, Mahindra-Renault Pvt Ltd, at a media interaction here.
He declined to quantify the exports that the company expects to do, stating that it was early to comment as markets still had to be identified. More
Courtesy: indiacar.net
Bajaj-Renault Lite may miss launch date
Published April 10th, 2008 in Bajaj auto and Renault. 0 CommentsMore
Courtesy: economictimes.indiatimes.com
Steel Strips Wheels bags Rs 110-cr order from Renault
Published April 2nd, 2008 in Renault. 0 CommentsCurtesy: economictimes.indiatimes.com
Renault has cut its Indian sales targets as growth was not as fast as expected, although a study for a mini car in India was on track, a top official of car maker’s Indian unit.
“We have not grown as fast as we expected. It’s a new brand, it’s a new car, it’s a new network,” Renault India managing director Sylvain Bilaine said in the interview published on Tuesday. “Now we are working on different scenarios. Read more
Courtesy: economictimes.indiatimes.com
Nissan, Renault ink MoU for plant in Tamil Nadu
Published February 23rd, 2008 in Nissan and Renault. 0 CommentsNissan Motor and Renault on Friday signed an MoU with Tamil Nadu government as part of their commitment to set up a state-of-the-art automotive facility on 678 acres at Oragadam, near Chennai.
They have envisaged a higher investment of Rs 4,500 crore ($1,140 million) over seven years through their 50:50 venture for creating a capacity to produce four lakh cars per annum.
Last year, when Mahindra & Mahindra (M&M) was part of the three-way venture, an investment of Rs 4,000 crore was envisaged for the same capacity. Now, besides the higher investment, the partners expect their suppliers to pump in an investment of Rs 2,000 crore. More
Courtesy: www.indiacar.net
Low-cost car with Bajaj very important: Renault
Published February 23rd, 2008 in Bajaj auto and Renault. 0 CommentsA proposed plan to make a low-cost small car with an Indian partner would be very important for Renault and Nissan Motor Co as the foreign firms seek to tap growth in emerging markets to help offset saturation in the main U.S. and Japanese markets, a senior Renault official said.
The Renault-Nissan combine is studying the feasibility of making a $3,000 car with Indian motorcycle maker Bajaj Auto, following the lead of Tata Motors, which last month unveiled the Nano, a car priced at just over $2,500, or about half the price of the cheapest car in the market now. Read more
Courtesy: economictimes.indiatimes.com
Renault, Nissan to set up $1 bn India plant
Published February 23rd, 2008 in Nissan and Renault. 0 CommentsFrance’s Renault and Japan’s Nissan on Friday signed an agreement for a $1.0 billion car plant in southern India, forging ahead in the growing economy despite a local partner dropping out.
Renault has a 44% stake in Nissan and their alliance is the number three car grouping in the world after General Motors and Toyota Motor. They signed a memorandum of understanding with the government of Tamil Nadu for a plant near Chennai. More
Courtesy: www.indiacar.net
Renault, Bajaj deal may come within 2008: Ghosn
Published February 22nd, 2008 in Bajaj auto and Renault. 0 CommentsA deal between French car maker Renault and Bajaj may come within this year, Carlos Ghosn, chief executive of both Nissan Motor Coand Renault said on Friday. Read more
Courtesy: economictimes.indiatimes.com
Logan?s petrol variant sees spurt in sales
Published February 19th, 2008 in Renault and Maruti Suzuki. 0 CommentsMaruti Suzuki applying brakes on the production of its entry level sedan, Esteem, seems to have helped expand the sales pie of Mahindra-Renault?s Logan.
Mahindra-Renault, which lowered the price of Logan last month, said that its petrol variant saw a spurt in sales and from this month, the company began production of the car in two shifts.
?We started the second shift for manufacturing Logan from February. With this, our production capacity would increase monthly to above 2,500,? said Mr Nalin Mehta, Vice-President, Sales & Marketing, Mahindra-Renault. More
Courtesy: www.indiacar.net
