French carmaker Renault on Saturday said hybrid and CNG cars could account for nearly half the <a href="https://www.mid-day.com/business/business-news/article/vehicle-sales-in-august-rise-116-per-cent-to-266-lakh-units-in-maharashtra-fada-23649638" target="_blank" rel="none noopener">sales in India</a> over the next two to three years, according to news agency PTI.
The auto firm is betting on hybrid and CNG technology in its India strategy and plans to launch factory-fitted CNG models in the future. On Saturday the company launched its first strong hybrid offering in the Duster SUV.
"It is possible, 50 per cent is possible from hybrid and CNG, but we do not have a target. Renault India CEO Stephane Deblaise told PTI. He was responding to the question on how the company's powertrain mix will look in India in the next 2-3 years.
<h2>Hybrid as an alternative to diesel</h2>
Renault's push to drive the sales through hybrid and CNG technology comes amid carmakers in the domestic market looking at multiple powertrain technologies to develop alongside each other, including hybrids, CNG and electric vehicles. While the electric vehicle segment is evolving, firms are looking at hybrid technology <a href="https://www.mid-day.com/business/business-news/article/government-proposes-stringent-fuel-efficiency-standards-for-passenger-vehicles-23640101" target="_blank" rel="none noopener">amid tighter emission regulations.</a>
The company which considers India as its major growth market, is pitching hybrid as an alternative to diesel.&nbsp;
"The price (of vehicles) will be as good as diesel, and the fuel economy will be better. The customer experience will be better. It will be more or less the same price as diesel, with better technology, better fuel economy," Deblaise said.
"It is a big bet. We are advertising it as Forget diesel, Go Hybrid," he added.
Deblaise expects the demand in the hybrid market to grow once more options are available, while noting that there are not enough models available in the market, and the ones on offer do not deliver strong enough performance.&nbsp;
<h2>Market share</h2>
On the market share target, he said, "We should be between 3-5 per cent in 2030. But we always say that it is not a target; it is a consequence of our job. We are not running after volumes. We are running after doing our job properly, delivering cars to customers, make them happy so that they come back to buy a new car."
He however, did not specify the company's market share at present.
Renault Group plans to offer a portfolio of seven models by the end of this decade which will include models from <a href="https://www.mid-day.com/business/business-news/article/demand-for-suvs-electric-vehicles-boost-auto-sector-sales-in-july-23642697" target="_blank" rel="none noopener">compact cars to larger SUVs</a>, as well as strong hybrids and fully electric vehicles.
The auto firm aims to generate 2 billion euros (approximately Rs 25,000 crore) in annual exports from India by 2030, including vehicles, components and associated services.
Deblaise expects hybrids to account for a larger share of Renault's portfolio in models above four metres. He said CNG has greater potential in the sub-four-metre segment.
(With inputs from PTI)

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