Exclusive: Renault considers making mass-market EVs in India -sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Renault is considering building a mass-market electric vehicle in India, two people with knowledge of the ongoing review told Reuters, as part of a renewed push into a market where EV adoption is expected to grow quickly from a small base.

is considering building a mass-market electric vehicle in India, two people with knowledge of the ongoing review told Reuters, as part of a renewed push into a market where EV adoption is expected to grow quickly from a small base.

Renault is studying launching a made-in-India electric version of its Kwid hatchback, the people told Reuters. The move is part of a broader plan by Renault to rekindle sales in a country where the carmaker remains profitable despite selling fewer cars in 2022 than a year earlier, the person said. India is set to become the world's third-largest market for passenger and other light vehicles, displacing Japan, according to a forecast by S&P Global Mobility. Industry-wide sales grew an estimated 23% to 4.4 million vehicles in 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’m sure it’d be a much different story if we ended US aid and brought US troops home. 🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Australia Latest News, Australia Australia Headlines