We expect Renault to price the HBC competitively like the Tiber in the Rs 6 lakh to Rs 8 lakh range.
Maruti Suzuki India Limited, leading automakers in the country, have been contending with lower sales month after month.
Maruti Suzuki chairman RC Bhargava had last month said production will follow the market demand, and employment is related to the production volumes.
The Maruti Suzuki management has kept its fingers crossed about any uptick in demand in the festive season and has stopped pushing any new stock to dealers to keep the inventory level at a comfortable level of a maximum of 35 days.
While the Chinese government has nudged battery makers to move up the value chain by calibrating subsidies, manufacturers of older models are finding few takers there.