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Renault Kwid marked 1.5 lakh bookings

Renault Kwid marked 1.5 lakh bookings

Snapshot: In India, the Kwid enjoyed further success, with 1,50,000 orders since its launch, lifting its market share by 2.3 points to 3.8%.

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French car maker, Renault touch down an achievement with its entry-level car Kwid has marked booking of 1.5 lakh units since its launch in September 2015. The model has played a key role in boosting the group's sales in Africa, Middle-East and India region in the first six months of 2016. In the Africa, Middle-East and India region, the company's sales stood at 2,08,690 units in the first half of the year, compared to 1,51,041 units in the corresponding period last year, up 38.2%.

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In a statement, the company said that its sales in India during the period stood at 61,895 units, up 3.8%. In India, the small car has enjoyed its success 1,50,000 orders since its launch and lifting its market share by 2.3 points to 3.8%.

Speaking on this, Mr Thierry Koskas Groupe Renault Executive Committee member and Executive Vice-President (Sales and Marketing) said, "Our market share grew across all regions, with particularly strong momentum in Europe and the Africa, Middle-East and India area.”

Globally, Renault claims its total sales in the first half of 2016 stood at 15,67,720 units as against 13,82,122 units in the corresponding period last year, up 13.4%. The company, however, said internationally, turbulence in Russia, Brazil and Algeria continued to weigh on local automotive markets, but the group increased its market share in all three countries.

This strength, coupled with strong momentum of the group within markets such as India, Turkey, Argentina and Iran, allowed the group to grow its market share in each region.

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