Renault Group has unveiled an ambitious growth strategy positioning India at the heart of its global expansion plans, aiming to generate €2 billion in annual exports by 2030. The announcement was made by François Provost during the launch of the company’s ‘futuREady India’ strategy in Chennai.

As part of this roadmap, Renault plans to introduce seven new models in India by the end of the decade, marking one of its most significant product renewal cycles in the market. The initiative aligns with the company’s broader global strategy, which includes 36 vehicle launches—22 in Europe and 14 across high-growth international markets.

Provost highlighted India’s strategic importance, noting that the country could become one of Renault’s top three global markets by 2030. The company is also targeting a 5% market share in India in the near term. With India accounting for a substantial share of global automotive demand, Renault is intensifying its localisation efforts and strengthening its manufacturing base.

The company recently acquired full ownership of its Chennai facility, previously operated in partnership with Nissan. Renault also aims to accelerate its transition towards cleaner mobility, with electrified vehicles expected to contribute nearly 50% of total sales by 2030.