New Delhi, December 7: Automaker Renault India said Wednesday it will raise prices for its vehicles across models starting next month to partially offset rising input costs.
The company, which sells the Kwid small car, the Triber utility vehicle and the Kiger compact SUV at prices between INR 4.64 million and INR 10.62 million, did not disclose the size of the imminent price increase.
In a statement, Renault India said, “The reason for the price increase is to partially offset the impact of ever-increasing input costs driven primarily by higher commodity prices, foreign exchange rate volatility, inflation and regulatory mandates. for the sake of it,’ he said. Maruti Suzuki India will increase the price of its models from January 2023.
The company claimed that India is an important market for the company and that it has a long-term strategy to grow the brand with plans to “bring several new innovations in products and services for diverse Indian customers.” Office 365 Price Increase: Microsoft India will increase the price of its products and services by up to 11% due to currency fluctuations.
Along with launching a product to global acclaim, the company said, “Renault has a strong ‘India strategy’, with a strong focus on localization of its current and future product range to offer its customers a compelling value proposition. We provide it,” he said.
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https://www.latestly.com/agency-news/latest-news-renault-india-to-hike-prices-across-models-from-next-month-4556340.html Renault India to raise prices across models from 2023