Mega French automaker Renault (India) would specialize in petrol run products and has lined up new variants of its existing models, besides a brand new "sub-4 meter SUV" in 2020, a company official said on Tuesday.
Renault India CEO Venkatram Mamillapalle said the company would roll out the BS-VI range of products and an automatic transmission version of its latest car 'Triber' the following year. Speaking after rolling out a primary lot of Triber range of cars to the South African market, he said the company was ending its K9K Diesel engine series "K9K diesel (engine) we are ending", he told reporters. Mamillapalle said the corporate was also phasing out its Multi-Purpose Vehicle Lodgy from its stable and didn't plan any renovation on the vehicle or maybe a BSVI variant.
According to reports, the remaining stocks of Lodgy cars have been sold out. "It is not the question that we would like to finish it... We don't want to urge into diesel, so Lodgy ends there. We are not going to renovate. All (future launches) are going to be gasoline, including (premium SUV) Captur", he said.
Renault India currently retails the Kwid, Triber, Sports Utility Vehicle Duster and therefore the premium SUV Captur. On what was the contribution of diesel range of cars to the corporate in 2019, he said "50 percent of sales volume was contributed from the Duster diesel engine range of cars. "In future, it will be petrol Duster only", he said. On future launches, he said the corporate would introduce a replacement variant of the Triber. "The BS-VI variant will are available the center or end of January then we'll search for AMT (automatic transmission) moving forward", he said.
On the launch of electric vehicles, Mamillapalle said, "we are world leaders in electric vehicles. We are not shy. We are waiting for the right time. We want the right ecosystem". Asked whether BSVI variants would witness a hike in prices, he said: "there will be a slight correction of prices, basically because of BSVI economics which we would intend to do somewhere when we launch the car". He said besides new variants of Triber, the company would launch a new product sub-4 meter SUV in the market next year. "It will happen within the last half of next year, he said but declined to elaborate. Asked how many units of Triber Renault planned to sell next year, he said, "if we were able to sell 20,000 in the last four months, we should see a good number of at least 40,000 units next year (excluding exports)".
To a query on how many units the company planned to sell in 2019, he said cumulative sales maybe 10 percent higher than last year. He said expansion in rural markets would be one of the foremost things his company would do in the country in the near future. He said the company planned to expand its dealership network to 293 from 258 this year. "But we did not reach the target. We are close to about 267 dealership network now. We are a little slow because the dealership network is also shy with the market slowing down to invest". By 2022, Renault plans to have about 350-370 dealers, he said.