Sumit Sawhney, Country CEO & Managing Director, Renault India Operations, said, “The reduction in the repo rate by 0.25 per cent is a positive move and will influence purchase decisions, fuelling growth and stimulating the economy. The natural expectation is that it will lead to more liquidity. However, there was expectation of a higher reduction, which would have garnered more positivity from the market.”
Related Articles
India
Renault India launches new RXL variant of KWID 1.0L in both manual and AMT options; Now starts at INR. 3.54 Lakhs
Takes forward the Attractive, Innovative and Affordable positioning of India’s favourite compact hatchback New KWID RXL 1.0L SCe variant in manual transmission will start at an introductory price of INR. 3.54 Lakh (ex-Delhi) – Attractively […]
India
Renault India crosses 1 lakh sales milestone; sells 12,409 units in October 2016
Renault India, one of the fastest growing automotive brands in India, crossed the 1 lakh sales mark with cumulative sales of 1,11,387 units for the period Jan-Oct 2016. The company sold 35,736 units in the […]
India
Renault India registers monthly sales of 8,343 units in May 2016; Growth of 132%
Continuing on its growth momentum, Renault India, one of the fastest growing automotive companies in India, registered an astounding growth of 132% with monthly domestic sales of 8,343 units in May 2016 as against 3,601 […]