The Registrations of Renault vehicles in India attained a value of 80,518 Units in 2020
The indicator recorded a historical decline (CAGR) of 11% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Vehicle industry in India post pandemic
The Indian car manufacturing industry has fluctuated between growth and decline in value and volume terms in recent years. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover in the forecast period. A key feature of the Indian industry during the historic period was the Indian government’s sudden decision to announce demonetization. The economic alarm that was ignited as a consequence of the government’s actions ultimately struck the country’s car manufacturing industry, as the sale of cars hit a 16-year low in December 2016. Though sales have recovered, it was on the back of heavy discounts in order to boost demand. As such, even though volume consumption levels recovered in the aftermath of the demonetization, the value of the market was not able to grow at the same pace.
Renault SA (Renault) is an automobile company. It designs, manufactures, sells, and distributes passenger cars, light commercial vehicles, and electric vehicles. The company also provides various services including sales financing, leasing, maintenance, and services contracts. Renault markets products under Renault, Dacia, Alpine, Renault Samsung Motors, AVTOVAZ, Jinbei and Huasong, and Lada brands. It distributes products through a network of primary and secondary dealers across the world. Renault has operations in Europe, Eurasia, the Middle East, North America, South America, Africa, and Asia Pacific. The company has manufacturing facilities across the world. Renault is headquartered in Boulogne-Billancourt, Ile-de-France, France.
Products & Services
Its products and services widely range into Passenger Cars, Light Commercial Vehicles, Electric Vehicles, E-commerce, Financing Services and Maintenance & Repairs.
Its major brand is constituted by Renault, Dacia, Renault Samsung Motors, Alpine, Lada, Jinbei & Huasong and AVTOVAZ.
Corporate Strategy
Renault’s strategy focuses on the development of mobility. The company concentrates on a plan categorized in three phases that are launched in parallel that would restore competitiveness through enhancing the efficiency of functional divisions due to strict cost control. Renault also focuses on taking advantage of its position as a leader in electrics and industrial strengths throughout Europe. It also focuses on strategic alliances for technological expertise to improve efficiency and focuses on exploring the world of data, mobility, and energy services. Renault intends to improve profitability through four differentiated, brand business units, empowered, that are customer and market-driven.
Vehicle registration scenario
Renault has remained consistent in eighth and seventh position in total vehicle registrations in India from 2015 to 2020. However, GlobalData predicts its ranking to improve at sixth, and remain consistent during the forecasted period.
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