Global small car Kwid on roads; first car under Renault - Nissan alliance

Published on May 20, 2015 16:31:06 PM
Business

Renault has launched its new compact hatchback 'Kwid' in Chennai on Wednesday. The price of the car is in between Rs 3 lakh and Rs 4 lakh.

The global car – Renault’s first car based on the CMF-A (Common Module Family-Affordable) concept – was unveiled by Chairman and CEO of Renault Group Carlos Ghosn, who is also the Chief Executive of Renault-Nissan alliance.

Kwid is the first car to roll out on the Renault Nissan alliance new platform.

“Kwid will be a game changer in Indian automotive and global automotive markets,” Ghosn said, adding that the India launch would be followed by other emerging markets and then other global markets.

Kwid is an important milestone for Renault, which is trying to accelerate its growth, and will compete in the small-car segment with Maruti's Alto and Hyundai's Eon, Chevrolet's Spark, as well as Nissan’s Datsun.

The company will start commercial sales of Kwid in time for the festive season that starts in the second half of the calendar year.