The new models will be based on the CMF-A modular platform that underpins the Renault Kwid and is flexible and cost effective to form the basis for other models as well.
Renault India is betting big on the upcoming Kwid hatchback that is touted to be a game-changer for the automaker in the country as it will compete against the Maruti Alto and Hyundai Eon. The new entry-level hatchback also holds significance because the success of the model will determine the fate for a host of upcoming products from the automaker. Elaborating on the same, Renault’s Senior Vice President and Chairman for Africa-Middle-East and India, Bernard Cambier stated that the company is working on a host of products in the sub Rs. 10 lakh bracket with the first of them being the Kwid.
Renault is looking to expand its lineup in India to include a compact SUV, compact sedan as well as a 7-seater MPV, all of which will be based on the CMF-A low cost platform that also underpins the Kwid. Cambier said that the company is looking at a strong product portfolio and could launch as many as 5-7 different body styles based on the CMF-A modular platform. The company not only wants to have its presence in the entry-level space but also wants to offer options across various price points while being profitable at the same time.
With localisation levels up to 98 percent on the Kwid, the CMF-A platform can do wonders for Renault in India. The French automaker currently has a domestic market share of 2 percent but is looking to increase the same to 5 percent by 2017. The company plans to sell over one lakh cars in the short term. With the launch just weeks away, the Kwid is expected to replicate the Duster’s success with its brawny looks and a peppy 800cc motor. The company will later add a 1.0-litre petrol engine and an AMT unit to the hatchback to further enhance its appeal.
Source – EconomicTimes.com
