The company noted that, in Europe, it has reached a market share of 6.2%, a 0.2 point increase on Q1 of 2022, delivering 231,125 units (PCs and LCVs).

The brand’s electrified range, including battery electric vehicles (BEVs) and hybrid powertrains, now makes up 38% of its sales. In Europe, electric vehicle registrations were up by 15% in the quarter to 20,000 cars.

In the European C-segment, Renault’s sales were up by 51% with over 62,000 cars registered. The company highlighted that, in a context where supply remains under constraint, it has achieved its retail target and had more than one out of two vehicles sold to private customers.

CEO Fabrice Cambolive said: “Renault accelerates its profitable growth thanks to our successful launches in the high-value segments (Arkana, New Austral and Megane E-Tech Electric). We expect to accelerate this dynamic with the New Espace launch.”