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