Renault is banking on new models and a price cut for its Megane model to help in its battle against U.S. rival Tesla Inc on its home turf, a senior official for the French carmaker told Reuters on Wednesday. "The Renault brand's main focus in 2024 is to go back on the offensive in the electric segment, since we're currently second," said Ivan Segal, Renault brand's sales director for France. A pioneer in the electric vehicle (EV) market alongside alliance partner Nissan in the past, Renault has been overtaken by new rivals.
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