Renault has unveiled the new Kwid for the Indian market. The compact hatchback is Renault’s first global car launched in India which is expected to become the world’s fourth-largest market in the next few years. The car is built on the Renault-Nissan Alliance’s CMF-A architecture. CMF stands for Common Module Family and is the Alliance’s unique modular system of architecture. CMF-A covers the smallest and most affordable category of cars. Kwid will retail for between 300,000 rupees (about 4,200 euros) and 400,000 rupees. This is Renault’s first entry into the A segment in India which accounts for about 25% of new car sales. The car will be built at the Alliance plant in Chennai.