Renault to make India export hub

Renault to make India export hub

FPJ BureauUpdated: Thursday, May 30, 2019, 01:31 PM IST
article-image

Chennai : Renault to increase exports from India, eyes African market French auto major Renault is looking to enhance exports from India to neighbouring countries and Africa as it seeks to make the country a manufacturing hub.  “Last month we started exporting Duster and Kwid to Sri Lanka. This month we will be entering Nepal while we also prepare to enter Bhutan,” Sumit Sawhney, country CEO and managing director, Renault India Operations, told PTI. Not only the neighbouring countries, Renault will be looking to tap opportunities in Africa as well.

“We are working on strategy for exports to South Africa, hopefully, it will be finalised soon. Besides, we are looking at other countries in Africa,” Sawhney said. Even to Brazil, where the company’s small car Kwid will be manufactured and sold, Renault will be looking to export components.   “Certain sets of components will be supplied from here in India,” he said.

RECENT STORIES

S&P Global Ratings Downgrades Ratings On Ola Cab Operator ANI Technologies, Stating Heightened Risk...

S&P Global Ratings Downgrades Ratings On Ola Cab Operator ANI Technologies, Stating Heightened Risk...

India's Corporate Bond Market Has Potential To Exceed ₹120 Trillion By 2030: Report

India's Corporate Bond Market Has Potential To Exceed ₹120 Trillion By 2030: Report

India Needs To Overcome Bottlenecks To Increase Both Quality & Quantity Of Workforce Participation &...

India Needs To Overcome Bottlenecks To Increase Both Quality & Quantity Of Workforce Participation &...

Hospital Chain Operator Park Medi World's IPO Witnesses 98% Subscription On The Second Day Of Share...

Hospital Chain Operator Park Medi World's IPO Witnesses 98% Subscription On The Second Day Of Share...

Italian Firms' Overseas Expansion Company, SIMEST, Signs MoU With ICC To Boost Economic Cooperation...

Italian Firms' Overseas Expansion Company, SIMEST, Signs MoU With ICC To Boost Economic Cooperation...