French automakers Renault SA have announced their intention to increase engine production at their Brazilian motor plant by 25% by the coming year. This expansion plan is undertaken wherein the company will increase capacity to 500,000 motors per annum from its current production limit of 400,000 motors. The company will be extending plant area by 5,000 sq meters to enable this increased production. This was announced at the inauguration of a new steel cutting line in Parana.
Renault Brazil plant was set up in 1999 at Ayrton Senna in Curitiba. Brazil is a major market for Renault Group and two of the company products Duster and Sandero have been well received in the country. In fact, Renault reported the biggest increase of any car brand in Brazil during the past six months of this hear while their market share has increased to 6.8% and the company is hopeful of reaching an 8% market share in the coming four to five years.
Besides this plant, Renault has three other plants at Curitiba. One of these plants is dedicated to passenger car production, the second is solely for light commercial vehicle production while a third plant is the engine plant. Renault's investment in the plant follows a plan announced last year wherein it was decided to invest $244 million in expanding vehicle production in Brazil.
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