One after the other, almost every auto manufacturer in the country has announced a price hike from the coming year. Joining the league, French carmaker, Renault has made an official announcement over the increment of prices throughout their range in the country. However, the company did not reveal the exact price hike.
"Due to unavoidable macro-economic factors such as increasing rates, input costs, Renault India will increase prices across its product range in January", Renault India Executive Director Sales and Marketing, Sumit Sawhney said in a statement.
He added, "We will provide more information on the price increase soon, although this will be as per industry standard."
Renault sells five models in India including Pulse, Scala, Fluence, Koleos and the top seller Duster ranging from INR 4.5 Lakhs to INR 24 Lakhs.