The Indian car market will get a new entrant from Renault in another three years. The car will be designed to meet the exclusive demands of the Indian conditions, said its CEO. He did not delve into details barring the launch proposal. The car, to be made in Italy, will find new markets like India and other export regions, he added. The new car will be in addition to the already announced five models.
The five models, including a compact car in association with Nissan-Bajaj, were slated for launch during 2011-13. The first one in this five car series will be Fluence sedan and will be followed by Koleos, SUV in 2011, said its GM. The hatchback is scheduled for 2012 and will come under segment B on the shared platform with Nissan, he added. For this pact the company has already invested Rs4500 crore for erecting a facility near Chennai, which will have the capacity of 4 lakh annual units. Renault was in the Indian market with the launch of its Logan, in association with M&M. But the deal could not last long due to some complications between the two companies over brand and design. Now M&M is marketing Logan on different approach- making and marketing on its own- on a contract basis.