Renault’s India push: 7 new cars, €2bn exports, 5% share target; India to be 3rd largest market

Chennai: A month after unveiling its ‘futuREady 2030' growth blueprint in Paris, François Provost, CEO of Renault Group, on Thursday outlined the India chapter of the French carmaker's global ambitions. During a week-long visit to India, he sketched a four-pillar "futuREady India" strategy that casts the country not merely as a sales market but as a proving ground for scale, engineering and exports. The plan calls for seven new models, including alternative-fuel vehicles, and aims to elevate Renault's Indian engineering centre into a hub for global product development. It also sets an export target of €2bn annually by 2030, covering both vehicles and components. The rationale is simple: India is expected to contribute roughly 40% of the growth in total industry volume across Renault's operating markets, excluding America, Europe and China. "The aim is not market leadership at any price, but durability. By the end of the decade, India could rank among Renault's three largest markets globally. The company is targeting a 5% market share (up from 0.9% currently)," Provost said at Renault's technical centre near Chennai—its largest outside France, employing around 6,000 people. About 15km away, its Oragadam plant can produce 5 lakh vehicles a year. On the product side, Renault plans its most competitive India line-up to date, spanning two architectures: the Renault Group Entry Platform (RGEP) and the Renault Group Modular Platform (RGMP). As Stéphane Deblaise, CEO of Renault Group in India, put it, the company is "building a seven-car portfolio—from sub-four metres to 4.7 metres, from internal-combustion and CNG to E-Tech solutions such as strong hybrids and electric vehicles." RGEP will underpin models priced below Rs 10 lakh, anchoring Renault in the value-conscious mass segment. RGMP, by contrast, targets higher-value segments, supporting multiple body styles (4.0–4.7 metres), advanced digital interfaces and diverse powertrains. By 2030, four Indian models will sit on RGMP, including the next-generation Duster and the upcoming sub-four-metre SUV, Bridger (derived from a multi-energy concept). The platform is also central to Renault's electrification push, supporting strong hybrids and full EVs, with more advanced configurations under exploration. Rollout will be phased from this year. On the proposed India–EU FTA, Provost said Renault's strategy will remain domestically anchored, with a strong focus on localisation rather than Europe-bound exports or imports, citing geopolitical and regulatory uncertainties. Limited imports may support brand positioning but will not be central to its approach. Instead, the €2bn export target will be driven by shipments to non-European markets, alongside technology and component exports.Get real-time updates and result insights on the CBSE 12 Result 2026.