Renault India is the totally owned subsidiary of French car manufacturer Renault. Renault India was founded in the year 2005 and it is currently headquartered in Chennai, Tamil Nadu.
This company operates with seven different models in the country. These are Scala, Fluence, Koleos, Duster, Lodgy, Pulse and Kwid, the latest budget car specifically designed car for the Indian market.
By 2010, Renault formed alliance with Nissan India and started production in Chennai with an initial investment of Rs 4500 crores and an annual capacity of 480000 cars. By the end of 2015, Renault had close to 200 dealerships owing it to the fast market capture of Kwid which was well received by the Indian car audience. Renault design Studio which is located in Mumbai is one of the state of the art satellite based design studios in order to cater to the customized design needs of automobile enthusiasts. Renault India has also associated itself with ICICI bank for a cross platform based marketing campaign wherein the bank’s personalized database can effortlessly communicate with the vehicle’s device and help manage the owner’s bank accounts on the move.
Renault’s Scala was awarded the Limca award for breaking the record for highest fuel economy achieved by a car in Indian roads with a fuel economy of 54 kms/liter. Renault India sold 53847 vehicles for the fiscal year of 2015. The company has a market share of 4.5% in the country within a very short period of operation