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Renault to export Kwid to Saarc countries, Africa

Wednesday, Feb 3, 2016,15:45 IST By Metrovaartha A A A

Greater Noida | French car major Renault today said it will develop India into a exports hub and start shipping its small car Kwid to Saarc countries in the coming months. Besides, the company will also export the auto parts of Kwid to Brazil by the end of the month.

After that we will export Kwid to the Saarc countries such as Bhutan, Bangladesh, Nepal, Sri Lanka. If the demand is right then we will also export the car to Africa, Renault’s Chairman of Africa-Middle East-India Region Bernard Cambier said.

When asked about the time frame, he said the export to the Saarc countries will start in the coming months, while export of auto parts to Brazil will begin by the end of this month.

To gear up for the demand, Renault is expanding its facility for Kwid and will increase the capacity from the present 8,000 units per month to 10,000 units, Renault’s India Country CEO and Managing Director Sumit Sawhney said.

KWID is a great success and has revolutionised the compact hatchback segment, living true to our promise of creating a new era in automotive history. It has generated unprecedented success in its category, he added.

Renault today said it has sold more than 100,000 units of the small car in the next two months. On the firm’s market share in India, Sawhney said after the launch of Kwid, the firm’s share is between 3.5-4 per cent and it is on track to achieve a market share of 5 per cent by 2017.