Home> Renault>Renault to develop compact car based on Micra platform, likely in Q1 2012

Renault to develop compact car based on Micra platform, likely in Q1 2012

India is the second fastest growing car market in the world in year 2010 and this bring good news for automobile manufacturers.  India is a country that offers greater prospects for a promising future for many automobile companies because of expanding disposable incomes and this has led many carmakers to launch several models in the country mostly in the small-car segment.

Thinking on those lines French car maker Renault is gearing to develop an India bound small car with its global partner Nissan. This new small car will be based on Nissan’s Micra hatchback platform and is most likely to hit the Indian car scene in Q1 of 2012.

India’s small car segment accounts for about 70% of the total passenger car sales in the country. Automobile makers recently have caught this nerve of Indian car industry and have understood that route to their success in India will emerge from launching small cars in the country and because of this recently we saw auto giants such as Volkswagen, Nissan, Hyundai and Tata bringing their own small car to make it big in Indian automobile market.

Based on this fact even Renault is planning to launch its small car based on Micra platform though nothing officially has been heard about the car so far. This will be Nissan’s in-house project codenamed K2 that will hit with a price bracket of Rs. 3.5 lac pitted against the other popular compact cars such as Maruti Suzuki Ritz and WagonR. The compact car will be produced by Hinduja group company Defiance Technologies and will be available in multiple variants including a 1000cc engine variant and a 1.2 L petrol variant, diesel variant is however not in company’s agenda.

Nissan declined to comment on its small car project in India but said that it is evaluating options for the compact car market. Experts understand that developing compact car is Nissan’s strategy to gain a significant foothold in Indian automobile market.