Renault said its revenue rose by a smaller than expected 0.2% in the first quarter, as the French carmaker suffered sales setbacks in India, China and South Korea, compounded by the effects of a stronger euro.
Revenue advanced to €13.16 billion, Renault said today, well short of the €13.77 billion expected by analysts.
Sales in key growth markets showed a "mixed situation" in the quarter, added the French company.
While Europe and Russia showed solid gains, sales tumbled almost one-third in the price-sensitive Indian market.
The Kwid mini-SUV's early success has given way to rapid decline and the larger Captur subcompact is struggling to make inroads in India.
China registrations fell 16.8% amid a continuing slump in sales for the recently consolidated Jinbei and Huasong commercial vehicle brands, acquired through a joint venture with Chinese carmaker Brilliance.
Sales by South Korean unit Renault Samsung Motors fell more than a quarter.
The stronger euro cut automotive revenue by 4.8% or €575m, weakening the value of overseas sales.
The overall increase in sales volume contributed €275m to revenue growth, and pricing improvements another €140m.
Renault today also reiterated its 2018 market outlook and earnings guidance.
