The continuous demand for small cars in India is attracting the global car makers in the country to invest in this prospering segment. And the latest entrant is the France based automaker Renault, which is considering to invest a hefty amount of 1.5 billion Euros in the small car development project.
In order to take its plans further the French carmaker Renault is in discussions with the Gujarat government in the country for the establishment of its production plant in the state.
Earlier, Maruti Suzuki was also in talks with Gujarat Chief Minister, Mr. Narendra Modi, to setup its manufacturing unit as a part of its expansion strategy. Maruti Suzuki already has its production units in Gurgaon and Manesar in the state of Haryana.
Past few years has witnessed that there are many global automakers in the nation who prefer Gujarat state to be their manufacturing hub. US based auto giants Ford Motors and General Motors by now have their units in Gujarat state.
Renault is eager to make its position stronger in the progressive auto markets such as India. Over 100 acres of land in Vadodara, Gujarat is finalized by the company for the establishment of production plant that will capable to roll out 4, 00,000 vehicles per year.
Also, the company plans to export its India made cars to the other countries in the subcontinent apart from nationwide supply. Such strategy was initially adopted by Korean carmaker Hyundai for its hatchback cars like i10, i20 and Santro Xing along with small car Eon, now the same has been adopted by many car companies in India.
Renault in India currently sells its crossover Sports Utility Vehicle (SUV) Koleos and sedan Fluence. Its first hatchback car Pulse, which is a rebadged version of Nissan Micra, was uncovered recently and is expected to see a 2012 Indian Auto Expo launch next month.
In order to take its plans further the French carmaker Renault is in discussions with the Gujarat government in the country for the establishment of its production plant in the state.
Earlier, Maruti Suzuki was also in talks with Gujarat Chief Minister, Mr. Narendra Modi, to setup its manufacturing unit as a part of its expansion strategy. Maruti Suzuki already has its production units in Gurgaon and Manesar in the state of Haryana.
Past few years has witnessed that there are many global automakers in the nation who prefer Gujarat state to be their manufacturing hub. US based auto giants Ford Motors and General Motors by now have their units in Gujarat state.
Renault is eager to make its position stronger in the progressive auto markets such as India. Over 100 acres of land in Vadodara, Gujarat is finalized by the company for the establishment of production plant that will capable to roll out 4, 00,000 vehicles per year.
Also, the company plans to export its India made cars to the other countries in the subcontinent apart from nationwide supply. Such strategy was initially adopted by Korean carmaker Hyundai for its hatchback cars like i10, i20 and Santro Xing along with small car Eon, now the same has been adopted by many car companies in India.
Renault in India currently sells its crossover Sports Utility Vehicle (SUV) Koleos and sedan Fluence. Its first hatchback car Pulse, which is a rebadged version of Nissan Micra, was uncovered recently and is expected to see a 2012 Indian Auto Expo launch next month.
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