Renault plans to launch Kwid EV in India: Report

Renault is considering building a mass-market electric vehicle in India, two people with knowledge of the ongoing review told Reuters, as part of a renewed push into a market where EV adoption is expected to grow quickly from a small base.

By: Reuters
| Updated on: 07 Jan 2023, 10:32 AM
Follow us on:
Follow us on:
Renault is studying launching a made-in-India electric version of its Kwid hatchback.
Renault is studying launching a made-in-India electric version of its Kwid hatchback.
Renault is studying launching a made-in-India electric version of its Kwid hatchback.
Renault is studying launching a made-in-India electric version of its Kwid hatchback.

The study by Renault underscores how the French automaker is pushing ahead with electrification plans even as it extends unresolved negotiations with its partner Nissan Motor about investing in an EV unit it plans to carve out from its other operations.

It also points to the shifting perception of the auto market in India, which posted the fastest growth of any major market in 2022. EVs were on track to be less than 1% of car sales last year but the government has set a target of 30% by 2030 and has had recent success in attracting suppliers for international automakers, with a range of subsidies.

Similar Products

Find more Cars
Tata Tiago Ev (HT Auto photo)
Tata Tiago Ev
19.2 kWh | Electric | Automatic | 250 Km
₹8.49 - 11.79 Lakh***Ex-showroom price
Toyota Urban Cruiser (HT Auto photo)
Toyota Urban Cruiser
1462 cc | Petrol | Manual | 17.03 kmpl
₹8.5 - 11.4 Lakhs***Ex-showroom price
Mahindra Bolero (HT Auto photo)
Mahindra Bolero
1493 cc | Diesel | Manual | 16.7 kmpl
₹8.53 - 10.81 Lakhs***Ex-showroom price
Honda Wr-v (HT Auto photo)
Honda Wr-v
1199 cc | Petrol | Manual | 16.5 kmpl
₹8.66 - 12.21 Lakhs***Ex-showroom price
Kia Carens (HT Auto photo)
Kia Carens
1497 cc | Petrol | Manual | 16.5 kmpl
₹8.99 - 16.99 Lakhs***Ex-showroom price
Citroen C3 Ev (HT Auto photo)
UPCOMING
Citroen C3 Ev
| Electric | Automatic
₹9 - 13 Lakhs* *Expected Price

Renault, Kwid, Electric vehicle, Electric car, the people told Reuters.

The review will assess potential demand, pricing and the ability to build the EV with local components, said one of the people, adding that any launch would be late in 2024.

The move is part of a broader plan by Renault to rekindle sales in a country where the carmaker remains profitable despite selling fewer cars in 2022 than a year earlier, the person said.

Renault India declined to comment on product plans but said the company has a "strong focus on electrification globally" as part of the strategy outlined by CEO Luca de Meo and that "India is one of the key markets" for the group.

India is set to become the world's third-largest market for passenger and other light vehicles, displacing Japan, according to a forecast by S&P Global Mobility. Industry-wide sales grew an estimated 23% to 4.4 million vehicles in 2022.

That is a contrast to the outlook for the United States, where the market is expected to remain below 2019 levels next year, and China, where demand is weakening.

Renault had been hoping to reach with Nissan in December on the terms of a carve-out for its EV unit, but discussions have been slowed over concerns by the Japanese carmaker on a range of issues, including protection for its intellectual property.

"India will play an important role in future projects of Renault-Nissan but local plans will not be finalised before a global deal on a restructuring of the alliance is reached," said one of the sources.

In India, domestic carmaker Tata Motors, which dominates electric car sales, as well as foreign players like Stellantis, Hyundai Motor and SAIC's MG Motor are lining up EV launches.

Renault already produces a version of the Kwid EV in China which is sold in that market as the City K-ZE and exported to France as the Dacia Spring. The Spring, the second most sold EV in France in 2022, has a range of 230 kilometres and a starting price of 20,800 euros ($21,869) before government incentives.

To qualify for incentives in India, Renault would have to build the car at its alliance plant in southern India and source components locally, the first person said. The India plant is majority owned by Nissan.

Nissan declined to comment.

Renault currently produces the Kwid hatchback, Kiger SUV and seven-seater Triber in India. Its sales fell 9% to around 87,000 units in 2022 and its market share dipped to just over 2%.

As a part of the India reboot, Renault also plans to invest in refurbishing and upgrading some of its major dealerships in big cities, the person said. The company said it has 500 sales outlets in India.

First Published Date: 07 Jan 2023, 10:32 AM IST
Recommended for you
View all
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
55% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing
Rs. 269 Rs. 604
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
20% OFF
Involve Your Senses One Musk Organic Car Perfume Bar, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g Car Accessories interior car perfumes and fresheners
Rs. 320 Rs. 399
65% OFF
ELV Car Mount Adjustable Car Phone Holder Universal Long Arm, Windshield for Smartphones - Black
Rs. 349 Rs. 999
14% OFF
Jopasu Car Duster
Rs. 749 Rs. 869
9% OFF
ShineXPro Microfiber Car Cleaning Cloth - OG Soft 500 GSM Extra Large (35x75 cm) Microfiber Cloth for Car and Bike - Suede Edging for Scratchless Drying and Detailing (Pack of 2)
Rs. 499 Rs. 549
7% OFF
Pidilite WD-40, Multipurpose Car care Spray, 420ml Rust Remover, Lubricant, Stain Remover, Powerful Chimney Cleaner, Degreaser, and Bike Chain Cleaner & Chain Lube (341g)
Rs. 347 Rs. 375
44% OFF
Auto Pearl 2-in-1 LCD Display Indicator Sound Alarm Car Reverse Parking Sensor Camera with CCD LED Night Vision Compatible with-Figo Aspire
Rs. 1,899 Rs. 3,399
68% OFF
ORJILO Super Soft Microfiber Car Duster Exterior with Extendable Handle, Car Brush Duster for Car Cleaning Dusting - Grey
Rs. 319 Rs. 999
65% OFF
Portronics AUTO 12 in-Car Bluetooth Receiver for Handsfree Calling, Music System, Supports All Smartphones (Black)
Rs. 529 Rs. 1,499

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city