Chennai, April 22 -- Renault India Pvt. Ltd, currently holding less than 1% of the country's car market, laid out on Tuesday ambitious plans to triple its market share in three-four years, driven by five new vehicle launches and an expanded dealer network.

The French carmaker's aggressive plans come just weeks after it completed the acquisition of Japanese automaker Nissan's stake in their manufacturing joint venture Renault Nissan Automotive India Pvt. Ltd.

After this acquisition, Renault gained 100% control over the car manufacturing facility located in Tamil Nadu that has a capacity to produce more than 400,000 vehicles annually.

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