Renault unveils Kwid

Car sales in India in financial year 2015 stood at 18,76,017 units compared with 17,86,826 units in the previous fiscal, up 4.99 percent, according to the Society of Indian Automobile Manufacturers. In FY14-15 Renault sold 4,006 units as against 10,367 in FY13-14, while in utility vehicles, it clocked 39,378 units as against 47,001 in FY13-14. Dubbing the Kwid as "a car for conquest", Ghosn said: "Today we have no presence in the market (entry-level segment) and it (Kwid) has two main competitors Maruti Suzuki from one side and Hyundai Motor from other side."