Will be based on the upgraded version of CMF-A platform.
In an interview with ET Auto, Mr. Sumit Sawhney, Renault India managing director, has confirmed that a slew of new products are in the pipeline, which will target segments new to the company.
We will be working on segments where we are not present. We will try to bring in a lot of innovation in order to make them the game-changer in the segment and redefine it or create a sub-segment out of it.
The newspaper's sources state that the company has already given codenames for the rumored products, which include a sub-4m sedan (codenamed LBC), a compact SUV (codenamed HBC) and a compact MPV (codenamed RBC). Renault is targeting to push a volume of 1.5 lakh to 2 lakh vehicles a year, including exports.
All three models are rumored to be based on an evolution of the CMF-A platform, dubbed as CMF-A+, which can accommodate bigger bodies and more powerful engines. Several models and variants in the pipeline for the next three years are expected to cost under INR 8 Lakhs, which would help stabilize Renault's market share, if not increase it.
[Source: ET Auto]