Renault sales fell 21.3% in 2020, focus on profitability in 2021

Renault's drop in sales outstripped the 14.2% fall in sales for all producers globally last year.
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| Updated on: 12 Jan 2021, 01:56 PM
An employee walks past a logo of Renault at a dealership in France. (File photo) (REUTERS)
An employee walks past a logo of Renault at a dealership in France. (File photo) (REUTERS)

French automaker Renault said on Tuesday its 2020 worldwide sales fell by 21.3%, to 2.95 million vehicles, due to the impact of the Covid-19 pandemic on the global economy.

The drop in sales outstripped the 14.2% fall in sales for all producers globally last year, Renault said.

(Also read | Renault plans to revive its classic models in electric avatar: Reports)

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Renault, which will unveil is strategic plan on Thursday, said it would continue to focus on "profitability rather than sales volumes".

"We are starting 2021 with a higher level of orders than in 2019, a lower level of inventory and a higher price positioning across the entire range", CEO Luca de Meo said in a statement.

First Published Date: 12 Jan 2021, 01:55 PM IST
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