French automobile major Renault SA (EPA:RNO) recently launched the Duster sports-utility vehicle (SUV) in India, at a price, that many analysts think will put it in direct competition with local players, Mahindra & Mahindra Limited (NSE:M&M) and Tata Motors Limited (ADR) (NYSE:TTM) (NSE:TATAMOTORS). The Duster was launched at a starting price of 719,000 Indian rupees ($13,260) for the base gasoline model, and 799,000 Indian rupees ($14,348) for the base diesel model, in an attempt to break the stranglehold of market leader Mahindra & Mahindra Limited (NSE:M&M)’s Scorpio and Tata Motors Limited (NYSE:TTM) (NSE:TATAMOTORS)’ Safari. Sports-utility vehicles are gaining rapid…
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