RenaultTangier to Produce Ultra lowcost vehicles for European and African markets

Rabat – Renault-Tangier is planning to produce “Ultra low-cost” vehicles for the French company’s European and African markets. The final decision expected to be made in January 2015by Renault’s CEO Carlos Ghosn.Following the success of its Dacia brand and its low-cost models, the French group Renault is now planning to produce “Ultra low-cost,” with the launch of four smaller models.According to French-speaking magazine Jeune Afrique, Renault-Tangier will produce three of the said models for the European, North African and Sub-Saharan markets, while India will produce and launch the fourth model in 2015 for a starting price of around 3500 Euros. The three models that are expected to be produced in Renault’s Tanger-Med plant are a saloon car, an SUV model (recreational vehicle) and a 7-seater.Renault-Tangier manufactured only 170,000 vehicles in 2013 and 200,000 vehicles in 2014, while the plant has a capacity of producing 400,000 vehicles per year. However, the arrival of the “Ultra low-cost,” models is set to boost the production of the plant.Jeune Afrique went on to add that the vehicles manufactured for Europe should be adapted to the standards of the old continent, and will therefore be more expensive. read more