French automobile giant Renault India will be rolling out three new vehicles, including an electric vehicle by 2022, said a top official.
“The global launch of Triber will happen on August 28, followed by a new model code-named HBC next year,” said Venkatram Mamillapalle, country CEO & managing director, Renault India Operations.
“The next two cars, including Triber, will be sub-four metre. With the launch of these models, we aim to double our market share to 5% from the present 2.2% - 2.4%, in three years,” he said.
“About 75% of India’s car market is dominated by sub-four metre cars and we would like to be there,” he said.
Renault plans to focus on Tier-II cities to increase its market share in the rural areas from the present 35% to 50% in a year’s time.
Renault has 120 dealers and 350 outlets and plans to double the number of outlets in three years.
On Triber, he said it was neither a multi-purpose vehicle nor a sub-compact vehicle. Triber was positioned as a unique segment in itself.
It is a seven-seater and will deliver a mileage of 20 km per litre. Bookings for the Triber begin on August 17. It will come in four variants and six colours.
