Renault India sees hybrids, CNG at 50% of sales by 2030
In short
Renault India says hybrids and CNG cars could make up 50% of its sales in 2-3 years. CEO Stephane Deblaise also said the company wants a 3% to 5% market share by 2030.
The company is pushing hybrids as an alternative to diesel. The report does not say how many hybrid or CNG models Renault will launch or how current sales are split.
What the reporting says
Renault India expects hybrids and CNG vehicles to make up as much as 50% of sales in 2-3 years, CEO Stephane Deblaise told PTI. The company is also targeting a 3%-5% market share by 2030 and is pitching hybrids as an alternative to diesel. The reporting does not say how much of current sales comes from these vehicles or what model launches support the plan.
Why it matters
Renault India is signaling a bigger shift toward hybrids and CNG in its India strategy, with CEO Stephane Deblaise saying those vehicles could account for up to half of sales in 2-3 years. The automaker is also aiming for a 3%-5% market share by 2030. The move matters for Renault’s positioning in India’s passenger vehicle market, but the reporting does not give current mix data or launch details.