• After Maruti Suzuki, Renault announces price hike

    Business
    After Maruti Suzuki, Renault announces price hike
    Renault has a strong "India strategy" with a focus on localization in its current and future range of products, in addition to launching items with a reputation for being of high quality.

    Digital Desk: Renault has announced price hikes across its entire range of vehicles, beginning in January 2023. The price rise is necessary to partially offset the effects of ongoing input cost increases, which are primarily the result of more expensive inputs, fluctuations in foreign exchange rates, inflation, and also owing to regulatory requirements.

    With a long-term ambition to expand the brand in the vibrant Indian market, India is an important market for Renault. Renault has been concentrating on building a strong basis in India over the past few years, which includes a cutting-edge manufacturing facility, a technology centre, two design centres, 500 sales, and more than 500 service touchpoints.

    "In the future, Renault will keep up its product offensive strategy in India and seek to significantly expand the Renault brand there. Renault stated in a statement that it plans to deliver various new developments in products and services for the diverse Indian clientele."

    Renault has a strong "India strategy" with a focus on localization in its current and future range of products, in addition to launching items with a reputation for being of high quality.