Renault India’s 2024 Performance: Sales Dip, Upcoming SUVs, and EV Launches to Drive Future Growth
Renault India has experienced a year of mixed fortunes in 2024. On one hand, its sales numbers up to September showed a dip from the previous year, selling 32,167 units as compared to 40,020 units in 2023, marking a decline of 19%. Yet, the company remains optimistic about the remaining months of the year, particularly with the festive season expected to provide a boost. Additionally, Renault India has significant plans for 2025 and beyond, aiming to expand its portfolio with new SUVs and electric vehicle (EV) options, which may change its position in the market and attract a wider audience.
Renault’s sales decline in 2024 can be largely attributed to the challenges in the lower-end segments of the market, where the company currently has a strong presence with models like the Kwid, Kiger, and Triber. Buyer sentiment in these segments has been subdued this year, and Renault has felt the impact in its overall sales numbers. The compact segment, in particular, is competitive, with several automakers vying for attention from budget-conscious consumers.
However, the festival season is always a significant period for automotive sales in India, and Renault hopes to capitalize on this spike in demand. The brand recently introduced a “Day and Night Edition” of the Kwid, Kiger, and Triber, which is limited to 1,600 units, available on a first-come, first-serve basis. This exclusive edition aims to attract buyers with unique styling and features for those who want a more personalized look for their Renault vehicle.
Renault India is gearing up for a major product overhaul over the next two years, shifting its focus towards SUVs and EVs in an effort to gain traction in India’s evolving automotive market. In 2025, Renault plans to start its foray into the premium segment, with localised versions of two popular international models: the Duster and the Bigster.
The new Duster will be reintroduced with a more robust build and advanced features, aiming to capture the SUV market, which has seen high demand among Indian consumers. The Duster, originally launched in India in 2012, played a key role in establishing Renault as a brand to watch. The reimagined Duster will be crucial in reaffirming Renault’s SUV expertise. Alongside the Duster, Renault will also launch the Bigster , a larger, three-row SUV that aims to offer premium styling and ample interior space. The Bigster could position Renault as a serious contender in the mid-size SUV category, where competitors like Hyundai and Tata Motors have a stronghold.
Renault’s premium segment expansion will be complemented by a mid-cycle update for the Kiger , which has steadily gained a following in India since its debut. The Kiger facelift is expected to incorporate updated styling and a more feature-rich cabin, catering to buyers who seek an affordable yet stylish SUV option.
Renault is also tapping into the rising demand for electric vehicles in India. The company is reportedly working on a small EV, which is expected to be an electric version of the Kwid . This would mark Renault’s entry into the EV market in India, where several automakers are already offering budget-friendly electric options, catering to eco-conscious consumers and urban drivers. Given Renault’s reputation for value-oriented vehicles, a Kwid EV would make electric mobility accessible to a larger segment of the Indian population, furthering the brand’s appeal.
This year, Renault focused on enhancing its current lineup. The Kwid , Kiger , and Triber all received feature updates, catering to tech-savvy buyers who prioritize convenience and safety. The Triber, a compact 7-seater, has carved a niche for itself in the market with its spacious design and competitive price, while the Kiger, Renault’s compact SUV, has been praised for its design, performance, and affordability.
The introduction of the Day and Night Edition models of the Kwid, Kiger, and Triber highlights Renault’s strategy to boost consumer interest with limited editions, which add unique styling elements to the vehicles. These models have been available for a limited production run, appealing to buyers who prefer exclusive touches. Renault’s decision to release only 1,600 units of these models indicates its attempt to create a sense of scarcity, enhancing the appeal of these special editions for the festive season.
Despite the challenges faced this year, Renault India remains optimistic about its future. The upcoming SUVs and EV offerings align with shifting consumer preferences in the Indian market, where demand for SUVs and electric vehicles is rising. By expanding into the premium SUV segment with the Duster and Bigster, and simultaneously offering an affordable electric model, Renault is poised to capture a larger share of the Indian automotive market.
In summary, Renault India’s performance in 2024 has been mixed, with a drop in sales up to September. However, with the festive season in full swing and plans for a revamped product lineup over the next two years, the company is looking at a positive future. The premium Duster and Bigster, along with a refreshed Kiger and the anticipated Kwid EV, underscore Renault’s commitment to catering to both premium and budget-conscious customers. This dual focus positions Renault as a brand that can adapt to and grow with the evolving preferences of Indian consumers, ensuring its relevance in an increasingly competitive market.
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