A fresh report out of India claims Renault plans to launch a sedan version of its Kwid budget hatchback in the next couple of years.

According to Indian daily newspaper The Economic Times, the French firm’s entry-level sedan, which reportedly bears an internal codename of “LBA”, will likely be ready by Auto Expo 2022.

The report claims Renault will attempt to “significantly” undercut the Suzuki Dzire (and Honda's Amaze) in terms of pricing ... in India, at least. Hyundai, too, recently revealed its take on the sub-four-metre sedan, unveiling the Aura in that country.

In addition, The Economic Times reports the automaker will offer a fully electric version of the Kwid, along with a new entry-level SUV codenamed “HBC” and running on the Renault-Nissan-Mitsubishi Alliance’s CMF-A underpinnings. The SUV, interestingly, seems likely to be the first to be revealed.

Fabrice Cambolive, Groupe Renault’s chairman for the Africa, Middle East and India-Pacific Region, told the publication the automaker would continue to expand into “sub-segments”.

"We will continue to innovate. One of our secret weapons will come in a segment which does not exist now. What is it, I can't share that now. We are betting on sub-segments or body variants which do not exist now, which is what we did with Triber," Cambolive said.