Renault India’s Plans for E-Mobility – EV Next
This post is a part of EV Next’s EV Perspectives.
EV Next, a division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.
In February 2008, the Renault-Nissan Alliance signed a Memorandum of Understanding with the Government of Tamil Nadu to set up a manufacturing plant in Oragadam near Chennai. Renault Design India, the first vehicle design studio set up by a foreign manufacturer in India, was established in Mumbai in September 2008.
Renault India Pvt Ltd is a wholly owned subsidiary of Renault S.A, France
Currently, Renault India produces 5 models- Duster, Tribe, Lodgy, Captur(SUVs) and kwid(hatchback).
The company globally offers four electric vehicles namely Twizy(buggy), Zoe(5 seater passenger), Kangoo (6 seater passenger) and New Master( Van/Minibus)
Also, the company launched an all electric version of it’s low-cost hatchback, the Kwid in China in 2019.
Though some sources from Renault Asia say that the first EV of Renault in India would be the E-Kwid, the Zoe was showcased at the Auto Expo 2020 in Delhi.
The company firmly says that it will be about 2 years before they commercially sell their product in India.
The Renault Zoe Electric displayed at the Auto Expo 2020
- Renault will commercially launch its first electric vehicle in India by 2022, provided the segment gets significant support from policy makers, said a senior executive of the company.
- Renault has decided to stop sale of diesel cars in India from April 2020.
|Twizy E-Buggy at the Auto Expo 2020||K-ZE fully electric Sedan at the Auto Expo 2020|
- The company has been in partnership with Nissan to manufacture and sell their products in the Indian market. They also have a joint technology centre focussed on developing cheaper electric vehicles.
- The Renault-Nissan technology centre has partnered with ICAT in August 2019.
- Renault-Nissan-Mitsubishi alliance: Alliance Ventures is a strategic venture capital fund operated by Renault-Nissan-Mitsubishi.The fund, launched in 2018, with a $200 million initial investment and up to $1 billion by 2023 – has headquarters in Amsterdam. It takes part in key innovation hubs (Paris, Yokohama, Silicon Valley, Shanghai and Tel Aviv), from where it targets technology and business model innovation in New Mobility, Autonomous Driving, Connected Services, EV & Energy and Enterprise 2.0
- International Centre for Automotive Technology of India (ICAT) in August 2019 signed a memorandum of understanding (MoU) with Renault Nissan Technology and Business Centre India (RNTBCI) for in-depth data collection of road traffic accidents. Through a data-led intervention, the project aims to reduce traffic fatality by scientifically understanding the factors involved in serious and fatal accidents in India.
Other Strategic perspectives
- The company believes that localization of products is key for commercialization of the vehicle. Mainly the battery, if manufactured locally will significantly reduce the cost of an EV.
- The company’s first electric vehicle will focus on the affordable or mass market segment, unlike the top-down approach adopted by some other manufacturers
- Groupe Renault invested $144 million into China’s electric vehicle sector in July 2019 by establishing a joint venture with JMCG.
- Groupe Renault has produced three concept electric cars, the EZ-GO, EZ-PRO and EZ-ULTIMO, as the future of shared mobility.
The Electric Concept car by Renault at the Auto Expo 2020
The Renault R.S.2027 Vision Concept for Formula racing was displayed at the Auto Expo 2020
Read EV Next posts on the India electric vehicle strategy for these companies: ABB | ACME | Altigreen Propulsion | Amara Raja | Ashok Leyland | Ather Energy | Audi | Bajaj | BASF | Bharat Forge | Black & Veatch | BMW | Bosch | Continental AG | Denso | Exide | Exicom | Ford | Fortum | General Motors | Great Wall Motors| Greaves | Hella | Hero Electric | Honda | Hyundai | JBM | Kia | Kinetic Green | LG | Mahindra Electric | MG Motors | Nissan | Ola | Olectra | Panasonic | Piaggio | Porsche | Samsung SDI | Schneider Electric | Sun Mobility | Tata Autocomp | Tata Motors | Tata Power | Toyota | TVS Motors | Uber | UL | Volvo |
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Categories: E-mobility, Electric Vehicles, EV OEMs Strategy, Indian E-mobility Strategy
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