Renault lines up € 3 bn investment, build India-bound platform

Here we are sharing a piece of big news with you the Automobile manufacturer Renault Group declared plans on Wednesday, 25 October 2023 to invest 3 billion euros as part of its international strategy through 2027, with a powerful focus on India as a key market outside Europe. Since the news came on the internet it went viral on social networking sites and uncounted reactions started hitting the headlines. This news has many questions in people’s minds and now people are super curious to know about the whole information. We have more information about the news and will share it with you in this article.

Renault

The firm has been presenting a fresh modular platform tailored to areas including India, Turkey, Latin America,
and North Africa. This platform, scheduled for adaptability will feature customizations ranging from various vehicle sizes to various energy sources, such as E100 flex fuel, developed 48V mild hybrid, and full hybrid systems. Renault seeks to make this platform locally in many hubs, including India. Currently, Renault has a 1.5 market share in the Indian passenger vehicle industry. You are on the right page for more information about the news, so please read the complete article.

According to the report, with India’s key goals for Renault’s international development efforts, the firm’s strategic shift aims to double its net income per unit sold outside Europe by 2027 from 2019 levels. Renault has been devoted to delivering tolerable and creative vehicles that cater to restricted consumer choices. Renault company stated Renault’s Kardian, a B-segment compact SUV, is set to debut in Latin America and Morocco. Currently, this news is gaining huge attention from the people as many people want to know the complete information about it. You are on the right page for more information about the news, so please read the complete article.

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Meanwhile, Additionally, the Niagara Concept, a pickup powered by its E-Tech hybrid technology, showcases the platform’s possibility for an electric vehicle-dominant universe. It too concedes with the latest generation electric architectures, meeting current and also regulations. By 2027, Renault has been seeking to make one-third of its total sales of electric vehicles. As part of Renault’s 2027 International Game plan, the firm has established enterprising goals to cut emissions and roll out electric or hybrid models in several overseas markets by 2027. Many countries including Turkey and Brazil have started this transition with models such as the Megane E-Tech electric. Here we have more information which we had. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.