The prolonged rift between Renault and M&M over Logan is getting a smooth patch up, said the CEO of Renault. M&M is in the JV between Renault on 49% and 51% share and is undergoing a tough phase in selling Logan in the Indian market. during the period of April-February 2009 M&M could muster a sale of just 4981 units indicating a down fall of 60.03% against the sale in2008.
M&M has been insisting on refining the car to suit the Indian reliefs, Renault is quite rigid on its plan. now Renault is gradually releasing its foothold and has started to discuss about the revamping measures. Renault CEO is upset over the ongoings like sale of Logan in India but is firm in continued sale of it. He assured the back up of Renault in this regard and allayed the fears over the rift in JV.