Renault, which has a joint venture with M&M that sells entry level sedan Logan, has been a subject of speculation over its relationship with the Indian partner and declining sales of the car had put a question mark over the future of the JV -- Mahindra Renault Pvt Ltd, in which the French firm has 49 per cent stake.
The company would consider to bring in some of these models to India in future, the homologation of which would be carried out in due course of time. The company on Monday unveiled the prototype of its racing car R15 in Ingolstadt.
Developers, big or small, faced huge liquidity crunch as both end-users and investors shied away from the market.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
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