Developed at an investment of around Rs 3,000 crore, the SUV-shaped small car will be powered by an 800cc petrol engine. The company is looking to make India a regional hub for exporting the new car.
    
"The Kwid will be a game changer and it will be in the entry-level segment that accounts for 25 per cent of the Indian car market today," Renault Group Chairman and CEO Carlos Ghosn said here while unveiling the car.

Dubbing the Kwid as "a car for conquest", Ghosn said: "Today we have no presence in the market (entry-level segment) and it (Kwid) has two main competitors Maruti Suzuki from one side and Hyundai Motor from other side."
    
While Maruti Alto 800 is priced between Rs 2.83 lakh and Rs 3.4 lakh, Hyundai Eon is priced between Rs 3.09 lakh and Rs 4.22 lakh (ex-showroom Delhi).
    
Ghosn said one has to compare Kwid with competitors "for its potential" and the new car from Renault will be priced "between Rs 3 lakh and Rs 4 lakh and will be launched in the market around the festive season in September-November"

Expressing confidence of Kwid doing well in India, Ghosn said, at present, the products available in the entry-level segment offer either affordability or attractiveness or innovation, but the Kwid will offer all the three attributes.