Renault has established a logistics facility in India and said it would be a part of its global supply network and should contribute about EUR200m (US$315 million) worth of component exports by the end of next year.

The automaker has a joint venture with Mahindra & Mahindra to make and sell the Logan sedan, and is developing a low-cost car for the important emerging market with Nissan Motor and Indian motorcycle maker Bajaj Auto, Reuters noted.

Renault, which also has a satellite design centre in India, said in a statement cited by the news agency it would export finished components to manufacturing facilities around the world from the new logistics centre in Pune.

"While the needs of Indian automotive buyers will be addressed through the Renault range of passenger vehicles, the Pune facility will help support the international development of Renault," Sylvain Bilaine, managing director for India, was quoted as saying.

"Within the next three to five years, India will make a strong contribution to Renault worldwide."