Renault's first-half sales rises on strong demand for hybrids in Europe

Quick Summary:

That was likely due to a drop in demand in international markets, including South Korea, India and Argentina, Fabrice Cambolive, Renault brand CEO, told reporters.

The first-half number suggests growth in the second quarter slowed slightly after a 2.6 per cent rise in the prior three months.

Renault returned to growth last year after four consecutive years of declining unit sales, and is hoping that 10 new launches this year will keep the momentum.

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Category: BusinessFinance

Markets: IndiaArgentinaSouth Korea

Topics: Hybrid vehicles demand Hybrid vehicles Electric vehicles sale Renault sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 14:45:05 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © Business Standard

News ID: 21672770

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