French auto major Renault’s small car Kwid has clocked 1.5 lakh orders since its launch in September last year, playing a key role in boosting the group’s sales in Africa Middle-East India region in the first six months of 2016.
In the Africa Middle-East India region, Renault’s sales stood at 2,08,690 units in the first half of the year as against 1,51,041 in the corresponding period last year, up 38.2 per cent, Renault said in a statement.
The company said its sales in India during the period stood at 61,895 units, up 3.8 per cent, it added. “In India, the Kwid enjoyed further success, with 1,50,000 orders since its launch, lifting its market share by 2.3 points to 3.8 per cent,” the company said.
The Kwid was launched in September last year priced between Rs 2.57 lakh and Rs 3.53 lakh (ex-showroom Delhi).
Globally, Renault said its total sales in the first half of 2016 stood at 15,67,720 units as against 13,82,122 units in the corresponding period last year, up 13.4 per cent. “Our market share grew across all regions, with particularly strong momentum in Europe and the Africa Middle-East India area,” Groupe Renault Executive Committee member and Executive Vice President (Sales and Marketing) Thierry Koskas said.
The company, however, said internationally, turbulence in Russia, Brazil and Algeria continued to weigh on local automotive markets, but the group increased its market share in all three countries. “This strength, coupled with strong momentum of the group within markets such as India, Turkey, Argentina and Iran, allowed the group to grow its market share in each region,” it said.