Mahindra and Renault Call Truce

Mahindra and Renault have a joint venture in India as Mahindra Renault Private Limited that currently sells an entry level sedan Logan in India. The company has been struggling to sell the model in India in spite of it being extremely successful in the overseas market under the Dacia brand of cars. Mahindra holds 51 percent stake in the joint venture and Renault had been continuously having situational problems with Mahindra regarding the success of the model in the Indian market. MRPL sold just 4981 units in India from April-February 09-10.

As per the latest interview with Carlos Ghosn, Renault-Nissan Chief, Renault and Mahindra have reached a fair solution by sorting out their differences. Their entry level model Mahindra Renault Logan will continue to sell on the Indian roads under the joint venture company.

"We are discussing (with M&M) how to reposition the car and how to simplify the organisation and it looks like we need to be more nimble and little fast with the market," Renault Chairman and Chief Executive Officer Carlos Ghosn said. He also reiterated that Logan will continue to stay in the Indian market and the company will work out solutions to make it competitive in the Indian market.

• Maruti puts establishment plans of Gujarat Plant on hold as car sales continue to slump           February 04, 2012
• Maruti Suzuki to enhance focus on diesel models as demand surges steeply           February 04, 2012
• Force India Sahara unwraps its F1 racer for 2012 season           February 04, 2012
• Harley Davidson planning to bring Fat Bob to India as CBU           February 04, 2012
• Audi India records 39 per cent increase in sales in January 2012           February 04, 2012
• Tata Motors opposed the proposal of import duty cut on cars from Europe           February 04, 2012
• New Mahindra Xylo facelift model coming on 8th February           February 04, 2012
• Auto sales increase in January 2012; Maruti’s sales grow 5.2 per cent           February 04, 2012
• Honda unveils refreshed Dio with 110 cc engine, tubeless tyres           February 04, 2012
• Peugeot developing premium hatchback and entry-level sedan for India to rival Maruti, Hyundai by 2014           February 04, 2012
• Teenager flees after ramming BMW in divider, arrested by police           February 04, 2012
• Shelby looks to reclaim speed record with new SSC Tuatara           February 04, 2012
• Audi India welcomes 2012 with remarkable 39 percent growth in January           February 04, 2012
• Mercedes-Benz against imposition of heavy excise duty on diesel cars           February 03, 2012
• Renault –Nissan to not to battle on price front in India           February 03, 2012