Renault to launch Lodgy

Automaker Renault India today said it will roll-out a multi-purpose vehicle 'Lodgy' and a small car this year and expects to double its sales in two years. "India is a strong market for Renault and we have strong presence in the country. We will launch MPV Lodgy by month-end or early next month. "After that we will also launch sub-Rs 4 lakh small car. It will be a global car," Renault India Country CEO and MD Sumit Sawhney told reporters. Sawhney declined to comment on price of Lodgy but said MPV segment has seen consistent growth and it grew by double digit in 2014 in the domestic market. On below Rs 4 lakh car, he said: "It is in the developing stage and will be launched after nine months."