French auto major Renault plans to enter new verticals, including used car business in India next year, besides launching two new models, to make its presence felt in the market which it sees as "the biggest challenge".
The company, which is targeting a market share of over 5 per cent in India, is also leveraging on its 4,500 strong R&D Centre in Chennai to come up with products which are "right for the country". "India is the biggest challenge for Renault in the next two years we have high ambitions from the Indian market. It is very important for us," Renault Chairman of AMI (Africa, Middle East and India) Region Bernard Cambier told PTI on the sidelines of Paris Motor Show.
French auto major Renault plans to enter new verticals, including used car business in India next year, besides launching two new models, to make its presence felt in the market which it sees as "the biggest challenge".
The company, which is targeting a market share of over 5 per cent in India, is also leveraging on its 4,500 strong R&D Centre in Chennai to come up with products which are "right for the country". "India is the biggest challenge for Renault in the next two years we have high ambitions from the Indian market. It is very important for us," Renault Chairman of AMI (Africa, Middle East and India) Region Bernard Cambier told PTI on the sidelines of Paris Motor Show.
Spelling out the company's new business plans he said: "We have plans to develop some new services. I have ambition with Sumit Sawhney (Renault India Country CEO and MD) to develop the used car business and lot of things like that." Sawhney said the entry into used car business would help the company in overall brand building.
"When a customer is coming today to buy a Renault car he already owns a car, so he is looking forward to an exchange platform where he can get right value for his existing car," Sawhney said.
He further said: "Also if a customer wants to buy a Renault car we can always give him the option to liquidate his existing Renault car to buy a new one.
So used car business is important from customer point of view and for dealers it gives them turnover."
Spelling out the company's new business plans he said: "We have plans to develop some new services. I have ambition with Sumit Sawhney (Renault India Country CEO and MD) to develop the used car business and lot of things like that." Sawhney said the entry into used car business would help the company in overall brand building.
"When a customer is coming today to buy a Renault car he already owns a car, so he is looking forward to an exchange platform where he can get right value for his existing car," Sawhney said.
He further said: "Also if a customer wants to buy a Renault car we can always give him the option to liquidate his existing Renault car to buy a new one.
So used car business is important from customer point of view and for dealers it gives them turnover."
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