Renault India to hike prices by three per cent from January 2018

Renault India has announced an increase in the price of their entire product range by up to three per cent from 1 January 2018. The French carmaker has quoted that the price hike is to partially offset the impact of rising input and freight costs. 

The surge in price will impact cars like the Kwid, Duster and the Lodgy. However, the newly launched Captur crossover won’t be affected by this decision. Renault joins the list of carmakers who announced the increase in prices come 2018. Tata Motors will hike the prices of their entire passenger lineup by Rs 25,000 from January 2018.  Skoda announced a price increase of 2 – 3 per cent depending on the model and variant. Honda cars will be dearer by 1-2 per cent across its product line-up. Even Isuzu pick-up and SUVs will be expensive by Rs 15,000 to Rs 1 lakh on the ex-showroom price tag.

Increasing the prices of the vehicles by the manufacturers is a common practice at the turn of the calendar year. It is done to compensate the poor sale at the end of the calendar year. The end of the financial year within the next few months also tends to induce the manufacturers to change the prices of their portfolio.