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Showing posts with the label Renault

M&M, Ford brace for a joint ride to develop electric vehicles, expand reach

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Teams from both companies will work together for a period of up to three years LATEST NEWS :       Homegrown utility vehicle major Mahindra & Mahindra (M&M) and American auto major Ford have decided to look at joint development of products, especially electric and connected vehicles. The partnership will also look at expanding Ford’s reach in the domestic market and Mahindra’s access to global markets. The announcement comes less than three months after Tata Motors (the only other homegrown player in domestic car market) decided to end partnership talks with Volkswagen group. “The changes facing the automotive industry globally are triggered by the accelerated rise of new technologies, sustainability policies and new models of urban shared mobility. Given these changes, we see the need to anticipate new market trends, explore alternatives and look for ways to collaborate even as we compete and build powerful synergies that will allow rapid...

GST Impact: Renault passes on tax benefits, cuts vehicle prices by 7%

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Renault has reduced prices of vehicles ranging between Rs 5,200 & Rs 1.04 lakh by 7% in India Latest news     : French car major Renault on Wednesday announced a reduction in the price of its vehicles by up to 7 per cent in India, ranging between Rs 5,200 and Rs 1.04 lakh, to pass the GST benefit to its customers. The company has cut price of its hatchback Kwid Climber AMT between Rs 5,200 to Rs 29,500, SUV Duster RXZ AWD between Rs 30,400 to Rs 1,04,700 and that of Lodgy Stepway RXZ between Rs 25,700 to 88,600. "Reflecting our customer-first approach, we have decided to pass on GST benefits to our customers, further enhancing the value proposition of our products," Renault India Operations Country CEO and Managing Director Sumit Sawhney said in a statement. The roll out of the GST is one of the biggest achievements of the government, facilitating one nation, one tax system, aimed at fostering a congenial business environment, he added. ...