Renault will raise prices of their entire lineup by 2.5 per cent. This price hike will be effective from January 1, 2015 and has been attributed to increases in cost of production.
Rafael Treguer, Vice President, Sales and Marketing, Renault India said, "So far we have absorbed the rising input costs, but a sustained challenging market environment has compelled us to increase our prices. The industry is eagerly looking forward to pro-business policies to reignite the automobile industry in India."
Recently, Nissan Motor India Pvt Ltd and Datsun also announced a price hike of 2.5 and 3 per cent respectively, which will start from next month. Maruti Suzuki cars will also become more expensive by two to four per cent then. Manufacturers have taken this decision due to the rising input and operational costs and we can expect many more carmakers to follow suit and hike their car prices.
