Renault to enter in electrtic car segment

French automaker Renault, which has recently ended its joint venture with Mahindra & Mahindra, is searching for a strategic partner to facilitate its entry into the electric car market in India, a leading business new paper reported.

Renault, is in talks with various groups, which possibly includes, the country’s only electric car maker REVA, the report further added. Company has been studying the scope of launching its electric vehicles in India. However, a lot depends on the government support to roll out a proper EV product, the company spokesman reportedly said.

At present, Renault has three vehicles under its portfolio including the Kangoo (an intra-city goods mover), Zoe (a mid-sized sedan), and Twizy (the prospective two-seater concept car). Last month, the company sold its 49% stake in joint venture with M&M which was producing the Logan sedan in India.

With this, the company is also planning to launch its Fluence sedan in India by next year, in partnership with Nissan Motors. The Fluence will be manufactured at Renault's Chennai plant capacity to build 400,000 vehicles a year. The capacity will also accommodate Nissan's upcoming compact sedan Nissan Micra, which will be launched in the next month in India.