Renault: 30 percent more revenue in Q1, electric vehicles on the rise

In Europe, the group's sales increased by 27.3 percent in a market that grew by 16.2 percent. The turnover of the automotive division amounts to 10.5 billion euros, +29.7 percent compared to the first quarter of 2022. 68 percent of the group's turnover in the five most important European countries occurred in the private market.

Largest Increases in the C-Segment, High Proportion of Electric Vehicles

Renault’s sales in the C-segment in Europe increased significantly. The increase with the models Megane E-Tech Electric, Arkana, and Austral was over 51 percent compared to the first quarter of 2022. The Renault Austral recorded 15,500 sales in the first quarter of 2023, with a hybrid share of 67 percent and 61 percent in the higher equipment variants. Since its market launch in 2022, around 40,000 orders have been received.

The Renault Megane E-Tech Electric achieved more than 11,000 sales in the first quarter of 2023, of which over 70 percent were in the high-end trim levels and more than 80 percent with the most powerful engine (160 kW/218 PS). Since its market launch, more than 54,000 units have been ordered.

The Renault Arkana recorded over 18,500 sales in the first quarter of 2023, 60 percent of which were in the E-Tech version.

Renault Group continues to advance the electrification of its model range

The Renault brand maintained its leading position in Europe in the first quarter with a 24 percent increase in sales of electrified passenger cars compared to the same period of the previous year, and a 38 percent share of the brand's passenger car sales in Europe.

"The Renault Group has had a solid start to the year. Strong price and product mix effects contribute to a 30 percent increase in revenue in the first quarter. The group continues its value-oriented business strategy by optimizing its pricing policy and discounts and focusing on the most profitable sales channels. The Renault Group is also benefiting from the initial successes of its renewed product range with Arkana, Megane E-Tech Electric, and Austral for the Renault brand and the Jogger for the Dacia brand. The high order backlog at the end of March and all upcoming market launches will further strengthen the group's activities," said Thierry Piéton, Chief Financial Officer of the Renault Group.