Renault India to hike prices from January

Renault India has announced that it will increase the price on its existing product range from January 2014. The hike will be in line with industry standards and is due to the swelling inputs cost, which has further driven up the cost of components. The French automaker has not however, announced how much the hike will be. 

Commenting on the hike, Sumit Sawhney- executive director sales and marketing said, “Due to unavoidable macro-economic factors such as increasing rates, input costs, Renault India will increase prices across its product range in January.  We will provide more information on the price increase soon, although this will be as per industry standards.”

Renault now joins a host of manufacturers, across various segments, who have all hiked the prices of various vehicles in their range in a bid to combat inflation and rising input costs.