Renault bets on electric cars, hybrids to win over buyers

InternationalRenault bets on electric cars, hybrids to win over buyersBy Reuters -Apr 16, 2026Renault is betting on electric ​vehicles and hybrids to win over buyers in the world’s third-largest car market, global CEO Francois Provost said on ‌Thursday, as the French carmaker steps up its product push to regain market share. The company wants India to rank among the Renault brand’s top three global markets by 2030, and aims to capture about 5% of market share in the country by the end of the decade, Provost told reporters at an event in ​India’s southern auto hub of Chennai. Renault, which does not have a presence in the U.S. and China, expects the Indian market ​will play a key role in developing new models and boosting sales for the French carmaker globally. “Our ambition ⁠goes beyond ‘India for India’ in growth and product,” Provost said, adding he sees the country as an export and tech hub, “and a ​strategic asset on a global scale” where it will develop products and technologies for the world. Sales of cars in India are set to touch ​6 million by 2030, up 36% from 2025, S&P Global Mobility data showed, with a rapid increase in demand for SUVs and premium vehicles – a shift Provost is betting on. Renault entered India in 2005 and in 2012 it launched its popular Duster SUV helping the carmaker achieve a market share of 4%. But over ​time, Renault’s share dwindled and is less than 1% currently, industry data showed. The automaker, which is making a comeback in the South Asian ​country, is betting on its electrified vehicles to win over consumers, with Provost expecting EVs and hybrids to account for about half of its sales in ‌India ⁠by 2030. Renault currently builds most cars in India on its compact vehicle platform and it recently introduced a modular platform on which it has built the Duster SUV. The new modular platform will allow Renault to introduce vehicles of different sizes with a high level of local content, allowing it to price them competitively fo...