Renault plans to hike prices in India by up to 1.5% from Jan 1 to offset high input costs

SME News, Tuesday, Dec 18, 2012 17:27:12 PM IST

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CHENNAI: In order to offset the impact of high input costs, French auto major Renault has announced its plans to increase prices of its automobiles in India by up to 1.5 per cent with effect from January 1, 2013.

Renault India Executive Director (Sales and Marketing) Sumit Sawhney said, “We have to follow suit with the rest of the industry as input costs have gone up tremendously... we are forced to pass on some of the burden to our customers as high input cost, coupled with high inflation are all eating into our bottom line.”

“The price increase will be up to 1.5 per cent across the range and will be effective from January 1, 2013,” he added.

At present, Renault India has 75 dealerships across the country. The company plans to increase it to 100 by the end of this financial year.

Renault in collaboration with Japan-headquartered auto-maker Nissan has a manufacturing facility at Oragadam near here which has a total capacity of producing 4 lakh units per annum.

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