Renault India has announced a price hike for its car models, which will take effect in January 2023.
Renault is a French multinational automobile manufacturer that was established in 1899 and is one of the European automotive bands in India.
the increase in price of car models such as the Renault Tribeca, Kia Kiger subcompact SUV, and Kwid compact hatchback but the revised car price range has not yet been revealed.
The reason for the price hike is due to higher input costs, fluctuations in the foreign exchange rate, and inflation.
According to Renault, the higher input costs are due to pricier commodities, fluctuations in the foreign exchange rate, inflation, and regulatory obligations.
Renault has spent the last few years focusing on building a strong presence in India, including manufacturing facilities, world-class technology centers, design centers, and approximately 500 sales and service centers.
Not only Renault, but other automakers have announced price increases for their models beginning in 2023. They include Maruti Suzuki, Kia vehicles, Citroen automobiles, Audi, Mercedes Benz, and others.
However, Renault India is offering discounts on the December range.
