Mahindra Renaults looking at Expansion

Mahindra-Renault which  manufacture the sedan Logan in India, will expand their product portfolio for better utilization of the capacity at their Nashik plant in Maharashtra. They are currently assessing the viability of four to five Renault cars to be manufactured in the facility and will finalise the models with Mahindra.

Logan did very well in the first year of its launch, has been a victim of the economic slowdown. Mahindra-Renault managed to sell close to 26,000 units of Logan during the 11 months of 2007-08 since the car was launched, while the number nearly halved to only 13,423 last fiscal. Logan's sales have plummeted, and the Nashik facility has been rendered under-utilised.

Although the numbers for the new vehicles won't be huge, it will definitely pep up the dealer network and induce demand.(ET)

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