Our hybrid technology could be the surprise of the market: Renault CEO

Having unveiled the new Duster SUV in three powertrains, including a hybrid, French carmaker Renault, which for last two decades remained a significantly marginal player in India, is now banking on it’s hybrid technology to achieve 3 to 5% of market share in India by 2030, it’s global CEO said in an interview. 

Having unveiled the new Duster SUV in three powertrains, including a hybrid, French carmaker Renault, which for last two decades remained a significantly marginal player in India, is now banking on it’s hybrid technology to achieve 3 to 5% of market share in India by 2030, it’s global CEO said in an interview. 

“The changes in terms of growth in the Indian market in the last five years are huge. We are seeing India is better than Germany. It was a question five years ago. Now, India is almost doubling the level of the market of Germany. 2.8 [million] versus 4.5 [million]. Also India has made huge progress in terms of connectivity, in terms of perceived quality,” said Fabrice Cambolive, Chief Growth Officer, Renault Group & CEO Renault brand.

Stating that India is playing on multiple types of engine technologies, he said it has been achieved at super competitiveness though everything has changed. 

“Renault has a kind of soul here in India, because we, like India are bold. And we

are bold to be a pioneer on opening new segments like we did in the past. And with this boldness, you will see that in the number of models we will announce now, but also in the technology we are betting out which is hybrid, which for me, could be one of the surprises of the market in the coming years,” he said.

“That’s why coming back here with the new Duster is just a first step. We have to make the difference with the Duster betting on worldwide technologies like hybrid, like Google in terms of connectivity, betting also on our boldness in terms of design, and also playing our usual assets,” Mr Cambolive said.