Renault to bring in small compact Renault Yeni in India

Mahindra and Renault have failed miserablely to show their dominance in the Indian Market with Mahindra Renault Logan. Now, they both are working to come with a new small car in the domestic market which is going to be sold as Renault Yeni. Price of this car is exepected to be in the range of Rs. 1-2 lakhs.

Published On Nov 27, 2010 16:47 IST

Published OnNov 27, 2010 16:47 IST

Last Updated OnNov 27, 2010 16:47 IST

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The car is designed symetrically and can give stiff competetion to other cars ranging 5 lakhs and above. The car has got stylish looks and has aero dynamic build with new age designs and features. The car is expected to priced Rs. 1.30 lakhs and above. Renault Yeni will be sold through Mahindra and forthcoming Renault dealerships across India and is expected to compete with cars like Tata Nano and upcoming sub compact car from Bajaj Renault Nissan.

Renault along with its partner Nissan is going to spend Rs. 4500 Crores in the domestic market to establish a manufacturing facity in Chennai. This plant will have the capacity to manufacture around four lakhs vehicles annually. Renault has planned to launch its complete range of vehicles by next four years in India.

Though the sales figures of Mahindra Renault Logan were not impressive in the domestic market but the sales of this car has mounted up in Europe. In Europe Mahindra Renault Logan is sold as Renault Dacia. Recently, Renault facility of Romania introduced the one-millionth unit which is an exception figure. Renault will also bring in a small compact car by 2011 in joint venture with leading automaker Nissan and two wheeler automotive brand Bajaj.

Moreover, Mahindra&Mahindra the leading automobile group have just signed an agreement with Ssangyong, South Korean Automaker. The deal will be closed by 2011 and Mahindra will pay to Rs. 2000 crores to the in loss Ssangyoung Motors. The initiative taken by Mahindra & Mahindra is simalar to its domestic competetor Tata Motors who took over the British premium automaker Jaguar and LandRover. It is expected that the deal between the Korean and Indian SUV manufactures will make the domestic markets to establish in global markets.

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Meenal

Meenal has been a writer since the time she knew what it is to write. Being a team lead at CarDekho, she guides her team to bring in fresh ideas and true stories to develop a brain storming news for the car enthusiasts across the world. Meenal started writing during her school and is continuing still. Being a post graduate in English Literature with Linguistics, Phonetics, and Grammar as her favorites, she topped throughout. And perhaps that's what helped her starting her career directly as an Editor with international clients from the very beginning. She also has been trained in and has got experience in pre-editing and master-editing journals and books. With almost 5 years of experience in journalism behind her, she still believes that she gets to learn new things about writing news every new day. She plans to start on another degree in psychology. Future plans for her include nothing more than a dynamic GROWTH for herself and SMILES on the readers' faces.Read more

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