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Wal-Mart studying FDI norms post split with Bharti Vodafone slapped with tax notice of Rs 3700 crore How important is Modi’s German visit... While MoTown is on a tailspin, the telecom sector is staging a rally Renault revving up small car launch Canada screams over IT outsourcing to India SpiceJet in the news again Excise duty may halt the war in SUV market Carlyle invests in Trehan’s Medanta Medical Centre Airlines hit by service tax on lease Smartphone prices may change Urja Sangam in Delhi Kolkata kisses goodbye to Ambi? Capital Notes Hyundai Grand i10 awaiting launch LANCO opens negotiations with buyers for Karnataka power plant Trends point to a hung assembly Lanco to sell Australian acquisition ONGC to draw down on reserves to meet CAPEX needs Vodafone to buy out minority shareholders Aircraft lessors to get protection from defaulting airlines Latin America beckons India for investments Automobile sector in slump... TCS, India’s biggest block buster Jet-Etihad Rs 2000 plus crore deal to be cleared German envoy Steiner caps a language row GMR to raise US $ 250 mn thru QIP Infosys not to cut prices Fox Star Studios to tie-up with Bolly-wood and Kollywood Singapore Airlines prefers Airbus Plans to double trade with Latin America TVS bullish on the two wheeler market? Hunt for new finance secretary on... Flipkart India in the red by Rs 280 crore
 
Renault revving up small car launch

French car maker Renault is planning its small car launch. Priced at around Rs 4 lakh, it is expected to hit the markets in mid-2015. It will be Renault’s second offering in the crowded small car segment after the rebranded Nissan’s Micra as the Pulse flowing from its joint venture with the Japanese auto maker.

Renault is already planning to widen its dealer network from 125 to 170 by December this year. The company’s joint facility in Chennai with Nissan has increased the overall production capacity to near 500,000 units per annum from the existing 400,000 units to accommodate the new model.

With the launch of the new small car, enault hopes to enhance its market share in the high volume small car segment to about 5 per cent which is dominated by Maruti

Suzuki and Hyundai Motor.

 

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