Renault India to roll out 4 new products in the next 2 years
Venkatram Mamillapalle, MD, Renault India said, 'The future lineup which we have announced — which includes four products in the next two years – along with what the products our alliance partner will come up with together will help us reach and utilize our full capacity.' Consequently, he added, the company will not need to 'look for any outsider to come and fill our volumes at this point in time' through contract manufacturing.
The Triber, he said, is coming in just before the onset of the festival season with Onam with demand expected to bounce back around this time. 'The pullback we saw in H1 will reverse possibly with double the momentum in H2,' he added. The H1 tepid demand, he explained, was on account of many uncertainties including supply chain issues, rare earth concerns, and shifting global trade dynamics like tariff changes. 'All of this impacted sentiment and created a kind of market hesitation,' he said.
'But I am very optimistic that the festive season will help the entire industry recover.'
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