Renault sees India as global hub, plans 4 new locally developed models | Chennai News

Chennai: French automaker Renault is positioning India as a major global manufacturing and export hub as part of its 2030 growth strategy, with plans to launch four new locally developed models, including EVs and hybrids. While unveiling the group’s mid-term strategy ‘futuREady’ in Paris on Tuesday, the top management indicated that India will play a central role in its international expansion as it looks to accelerate growth outside Europe. Renault sold 620,000 vehicles in markets outside Europe in 2025, an 11% increase from the previous year, and is now stepping up investments across its five global hubs — Morocco, Türkiye, Latin America, South Korea and India. Internationally, India will become a key production and supply centre, serving both local and global markets by manufacturing a full range of models, including for Nissan, the company said, adding that India’s rapidly expanding automotive market, driven by strong demand for SUVs and the gradual shift towards electrification, makes it a strategic centre for its long-term plans. The company’s proposed four new models in India by 2030, including fully electric and full-hybrid vehicles, will cater not only to Indian consumers but also to several export markets. A key element of its strategy will be the production of its new B-segment sub-4 metre SUV derived from the Renault Bridger Concept. The model will be available in combustion, hybrid or electric versions depending on the market. It will be launched initially in India by the end of 2027, with a gradual roll-out to other international markets.With more than 15 years of presence in the country, Renault said it will leverage its established supplier ecosystem and local manufacturing capabilities to scale production and support exports. Renault has now taken full ownership of the Renault-Nissan Alliance plant in Oragadam, near Chennai, which can produce up to 4.8 lakh units annually.Renault Group targets global sales of over 2 million vehicles by 2030, with half of those coming from markets outside Europe. It also aims for 100% electrified sales in Europe and 50% electrified sales in international markets by the end of the decade.