The company’s electric vehicle will focus on the affordable or mass market segment
Renault is working with government agencies and private companies to set up an ecosystem
In July, Hyundai committed to invest $200 Mn to develop affordable electric vehicles for India
After putting its electric vehicle ambitions for India in slow gear earlier, French vehicle manufacturer group Renault is now looking to launch its first electric vehicle in India by 2022.
However, this is contingent to significant support from policy makers. The company’s electric vehicle will reportedly focus on the affordable or mass market segment, said Venkatram Mamillapalle, country chief executive officer and managing director, Renault India.