Exclusive: Renault considers making mass-market EVs in India

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.

Gettong out of EUROPE due to costs of production and unreliable energy supplies. Its the right move.

Ev powered by coal charged batteries

Right, where the hell you gonna plug those?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EVs Take 55% Of The German Auto Market In December!The tide has turned in the electrification of the German auto market, with plugin electric vehicles taking the majority of sales for the first time in December. 33% - but still very impressive! :D Just hope demand doesn't go down too much in 2023 since the Government Bonus is reduced from 6000 to 4500 € (average EV price in Germany = 50000 €) Wow! This is a huge milestone! Germany. Electric. Boom! The future is electric. The future is now. 35% to 55% in 12 months with BEV share increasing more is very good news
Source: cleantechnica - 🏆 565. / 51 Read more »