Reuters report Renault dialogues with M&M to re-look at the JV, mother to the powerful sedan, the Logan which faced dropped sales after a jump start back in ’08. [the Logan deserved much better in spite of the positioning and pricing glitch]
The talks are expected to conclude in a month and a half.
Renault the power engine expert is also reported to want to enter India via their own dealer network to the tune of 15 by first half of 2011 growing to 150 by first half of 2014. [woof!!!!!]
If grapevines are to be believed Renault + Nissan are foreseen to team with Bajaj for a low cost 4 wheeler in addition to the new plant in Chennai in the pipeline [expected investment ~ INR 45 Bln, expected capacity 400,000 units] and Nissan was keener than Renault here.
That doesn’t just bring us good cars but indicates positivity in the global outlook towards the local consumer base. While India Inc. stays young the coming decade and after, the consumer base the Renault India chief predicts could grow to ~ 300% of now.
Hoping that happens soon and we finally see some Clios and Magane on desi roads. [secretly wish and pray to see the Niss. Teana more often- this is notional extension of thots]
With keen interest from other bigwies like Volkswagen doing omnipresent PR with their ‘DAS AUTO’ campaign; Auto expo frenzy by Honda [with its small car], the Electric Hyundai i10, the India market surely comes out shining [and ofcourse Banks die to fund these buys for you].
As the gadi market sees up and secret prayers for stability in oil prices remain unanswered, a fleet of the new makes is so welcomed!
JIC info: Yesterday has seen a ~ 3% up in prices of the French Renault S.A. and their ownership the Jap Nissan Motor Co. and while M&M saw a drop.