Research and Development Expenses of Renault Group 2006-2017
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The following table shows the research and development expenditure of Renault Group from 2006-2017 in million Euros.
|Year||R&D expenses in Millions|
Renault group is one of the major producers of vehicles with a global footprint. However, its largest market is Europe and specifically Renault’s home market France. The brand’s alliance with Nissan and Mitsubishi has proved great. This alliance has become the largest seller of passenger cars and light commercial vehicles globally. Renault, Nissan, and Mitsubishi alliance achieved sales of more than 10.6 million vehicles in 2017. Renault itself achieved a record sales of 3.76 million vehicles in 2017. Sales volume and market share of the brand increased in all its markets in 2017.
The vehicle industry is marked by intense competition and as a result, brands are focusing heavily on research and innovation for market growth. Renault’s R&D expenditure increased from 2.4 Billion Euros to 2.6 Billion Euros in 2017 from the previous year.
Renault Annual Report 2017