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Renault sees Indian venture profitable in 2008

Renault sees Indian venture profitable in 2008
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First Published: Wed, Apr 04 2007. 03 23 PM IST
Updated: Wed, Apr 04 2007. 03 23 PM IST
Reuters
Nashik: Renault Chief Executive Carlos Ghosn said on Wednesday he was optimistic that its joint venture with Mahindra and Mahindra would be profitable in 2008.
Renault’s Logan sedan, which marks its foray in the fast-growing Indian market, is being produced at a Mahindra plant in Nashik in western India and the French firm plans to enter other segments also, he said.
“We have an intention to enter non-logan segments but we don’t have a firm strategy yet,” he told reporters at Nashik.
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First Published: Wed, Apr 04 2007. 03 23 PM IST
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