Renault holds India car launch plans

Renault has put on hold its plans to introduce its cars in the Indian market from the upcoming Chennai
plant. This is because the slowdown has affected Renault globally.

The company, which had already stopped hiring for production activities in its upcoming Chennai facility, It is waiting for improvements in market conditions.

When contacted, a Renault India spokesperson said, "The construction of the plant is going on, but we have frozen our product plans due to downturn in the global economy. However, we have left our product plan at such a stage that whenever we want to defreeze it, without loss of any time we can do (that) and ramp up the production."

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