- 1.5 per cent price hike from January 2019 to offset the impact of increasing input costs and fluctuations in foreign exchange rates
Renault, one of the key automotive brands in the country has announced its plans to hike prices across its range of cars in India by up to 1.5 per cent from January 2019. The company attributes the hike in prices to partially offset the impact of increasing input costs and fluctuations in foreign exchange rates. Renault is the latest car manufacturer in the country to announce the hike in prices after Maruti Suzuki, Skoda, Isuzu and Toyota who have recently announced their plans to hike the prices in January to offset the increase in input and distribution cost.
Renault India product range comprises of the Kwid, Duster, Lodgy and the Captur. Going forward, Renault has indicated its plans to continue with the product offensive strategy in India and will work towards substantially growing the Renault brand in the country. Renault plans to bring several new innovations in products and services for the diversified Indian customers.