Renault is changing its international structure to help drive sales growth in India and the Middle East, particularly Iran. Starting in September the Middle East India region will be separated from Renault's Asia Pacific region.
Renault said in a statement that this "will help strengthen operational management and enable dedicated teams to focus on a smaller number of short- and medium-term goals.”
The decision to make Middle East India its sixth region also was influenced by the growing size and importance of Asia and the Middle East to the company.
Renault expects China and India will become the world's two leading economies within the next 20 years, carrying in their wake countries with strong growth potential such as Indonesia, Thailand and Pakistan.
Between now and the end of the company's current strategic plan in 2017, China and India "will represent close to 50 percent of Renault Group's potential for growth – its overall highest," Renault said in a release.