Renault is considering producing a mass-market electric vehicle in India as part of a renewed drive into a region where EV usage is anticipated to rapidly increase from a tiny base.
The study by Renault shows how the French manufacturer is moving forward with its electrification goals despite ongoing negotiations with its partner Nissan Motor over funding for an EV subsidiary it intends to separate from its other businesses.
It also illustrates the changing image of the Indian auto market, which in 2022 experienced the greatest growth of any significant market.
EV sales were expected to make up less than 1% of all vehicle sales in 2018, but the government has set a goal of 30% by 2030 and has recently been successful in luring suppliers for global automakers with a variety of subsidies.
Renault is considering releasing an all-electric Kwid hatchback built in India.
Renault had hoped to achieve an agreement with Nissan on the conditions of a carve-out for its EV unit by the end of the year, but talks have stalled due to the Japanese automaker’s concerns over a number of factors, including the security of its intellectual property.
