Renault Indias Quote on IMD Monsoon Forecast 2018
Here’s the quote from Mr. Sumit Sawhney, Country CEO and Managing Director, Renault India Operations on IMDs Monsoon Forecast for 2018
“From the macro-economic standpoint, a good monsoon is important to address inflation and boost rural demand which will provide an impetus in growing the rural economy and generating higher income for farmers. This should augur well for the automotive industry, especially the entry-level car segment which has been witnessing degrowth. Over the last few years, we have focussed on growing our network presence in the Tier II & Tier III markets and with a favourable monsoon prediction, we are expecting an uptick in demand from the rural market.”
Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France. Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum. Currently, Renault India also has a widespread presence of more than 320 sales and 269 service facilities across the country with benchmark sales and service quality.
Renault India’s product line up and services have seen strong recognition among customers and industry experts alike, winning more than 60 titles, making Renault India one of the most awarded automotive brands in a single year in India. The Renault KWID has already bagged 32 awards, including 10 ‘Car of the Year’ Awards.