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