New Delhi: Renault, one of the European automotive brands in India, will increase prices across its range of cars from January 2023. The price hike is to partially offset the impact of constant increases in input costs largely driven by pricier commodities, fluctuations in foreign exchange rates, inflation and also due to regulatory obligations, the company said.
Over the past few years, Renault has focused on establishing a strong base in India which includes a state-of-the-art manufacturing facility, a world-class technology centre, two design centres, 500 sales and more than 500 service touchpoints, the company said in a media release.
Going forward, Renault will continue with its product offensive strategy in India and will work towards substantially growing the Renault brand in India. Renault plans to bring several new innovations in products and services for the diversified Indian customers, it said.
Together with launching products of global repute, Renault has a strong ‘India strategy’ with heavy emphasis on localization in its current and future range of products, offering customers a compelling value proposition, the release added.