New Delhi, Nov 6 (UNI) French automaker Renault today said it has postponed plans to foray into the Indian multi-utility vehicle segment in association with the country's top utility vehicle maker Mahindra&Mahindra.
Earlier, Renault and M&M had planned to bring the seven-seater MPV through their JV under which the French company's mid-sized sedan 'Logan' is manufactured and sold in India.
''We had a made a marketing study for a seven-seater vehicle.
Unfortunately the response was not good, so we have shelved the project,'' Renault (India) Managing Director Sylvain Bilaine told reporters on the sidelines of a conference here.
He said Renault has decided to go slow on bringing in light commercial vehicles to India.
The company is a prominent market player in Europe with our three products in LCV portfolio -- Kangoo, Trafic and Master.
Elaborating further, Mr Bilaine said the company is trying to finalise the distribution agreement with M&M in the coming months.
''This will be for every passenger car coming into India, both produced from Chennai facility and imported,'' he added.
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