The French automaker, Renault is expected to implement a price hike across all their models in India. The hike is expected to be one to two per cent to offset the rising input costs. What is still not revealed is, when the revised pricing will start to apply.
“We will be increasing the prices as input costs have gone up. We are currently evaluating the period as when to undertake the exercise. It will be in the range of one to two per cent,” said Sumit Sawhney, managing director and CEO, Renault India. The Renault line-up in India comprises five models - the peppy little entry-level hatchback the Kwid, a proper hatch the Pulse, the Scala sedan, an MPV- Lodgy and a compact crossover, the Duster.
Rising input costs have pushed major automakers in the country to hike their vehicle prices. Tata Motors recently announced a price hike expected on their passenger vehicles. Mahindra and Mahindra already increased the prices of their passenger and small commercial vehicles by up to 1 per cent from October 2016 onwards . Following suit is Maruti Suzuki and Hyundai. Both the manufacturers announced a price hike of up to Rs 20,000 on all their passenger vehicles.
