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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Why Renault is betting on India to become top 3 market by...
By BL Chennai Bureau · 2026-04-16 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Francois Provost, CEO, Renault Group SAS (Left) and Stephane Deblaise, CEO, Renault Group India (Right)

Francois Provost, CEO, Renault Group SAS (Left) and Stephane Deblaise, CEO, Renault Group India (Right)

French auto major Renault aims to make India one of the top three markets for the Renault brand globally by 2030 ⁠on the back of speedier launches and more electrification efforts, its global CEO Francois Provost ⁠said on ‌Thursday.

At an event in Chennai, the CEO also unveiled the company’s FutuREady plan for India which includes reaching seven multi-energy vehicle models in India by 2030.

“We will introduce new vehicles, bringing our portfolio to seven models by 2030. We have already launched the new Duster, and we are already seeing strong interest and enthusiasm from customers,” Provost said in his address.

This is set to include vehicles from less than 4 meters to 4.7 meters, from ICE and CNG to E-tech solutions such as strong hybrids and electric vehicles.

Global integration

The India strategy also includes plans to integrate India more deeply into Renault Group’s global value chain through vehicle, component, and R&D exports, he said, setting an objective to reach €2 billion annually in such exports by 2030.

“The Chennai plant was built in 2008 as part of our partnership with Nissan. Less than 1 year ago, Renault Group took full control of the plant. This decision reflects the confidence we have in our Indian ecosystem,” Provost said. The Chennai plant now has a capacity of around 500,000 units, he noted.

Talking about the French automaker’s learnings from India market, Provost told media in a select meet that the company did indeed lose momentum in the country in recent years, and one of the reasons could have been a scattered presence in India. We have now addressed this by appointing a separate India CEO with a dedicated and strong executive team so there is no reason why we can’t have healthy growth now, he added.

India is also a major source of engineering and innovation for Renault Group. It has 6,000 engineers in its centre Chennai, the largest outside of France. The centre will help us deploy new technologies in India in two key platforms - Renault Group Entry Platform (RGEP) and the Renault Group Modular Platform (RGMP), Provost said.

Speaking about the company’s platforms for the future, Stephane Deblaise, CEO, Renault Group India, said that their modular architecture CMF-A is evolving into RGEP. “RGEP is designed to deliver strong value for vehicles below ₹10 lakh and supporting a competitive core line-up well beyond 2030. In the coming months, this evolution will start coming to life through upgraded versions of Kiger and Tribe,” he said.

RGMP will also power the next phase of Renault’s growth in India, he noted. “By 2030, four products in India will be built on RGMP, including Duster and Bridger,” he said.

The company also presented the new Bridger concept, a multi-energy vehicle, and has a goal to begin its production in India in the second half of next year.

Published on April 16, 2026