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TVS bullish on the two wheeler market? Renault revving up small car launch ONGC to draw down on reserves to meet CAPEX needs LANCO opens negotiations with buyers for Karnataka power plant Wal-Mart studying FDI norms post split with Bharti Trends point to a hung assembly Infosys not to cut prices SpiceJet in the news again How important is Modiís German visit... Jet-Etihad Rs 2000 plus crore deal to be cleared Automobile sector in slump... Kolkata kisses goodbye to Ambi? Airlines hit by service tax on lease Vodafone to buy out minority shareholders Latin America beckons India for investments TCS, Indiaís biggest block buster GMR to raise US $ 250 mn thru QIP Plans to double trade with Latin America Vodafone slapped with tax notice of Rs 3700 crore Smartphone prices may change Urja Sangam in Delhi Capital Notes While MoTown is on a tailspin, the telecom sector is staging a rally Lanco to sell Australian acquisition Canada screams over IT outsourcing to India Hunt for new finance secretary on... Hyundai Grand i10 awaiting launch Fox Star Studios to tie-up with Bolly-wood and Kollywood Carlyle invests in Trehanís Medanta Medical Centre Flipkart India in the red by Rs 280 crore Singapore Airlines prefers Airbus German envoy Steiner caps a language row Excise duty may halt the war in SUV market Aircraft lessors to get protection from defaulting airlines
 
Renault revving up small car launch

French car maker Renault is planning its small car launch. Priced at around Rs 4 lakh, it is expected to hit the markets in mid-2015. It will be Renault’s second offering in the crowded small car segment after the rebranded Nissan’s Micra as the Pulse flowing from its joint venture with the Japanese auto maker.

Renault is already planning to widen its dealer network from 125 to 170 by December this year. The company’s joint facility in Chennai with Nissan has increased the overall production capacity to near 500,000 units per annum from the existing 400,000 units to accommodate the new model.

With the launch of the new small car, enault hopes to enhance its market share in the high volume small car segment to about 5 per cent which is dominated by Maruti

Suzuki and Hyundai Motor.

 

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