Renault To Hike Prices Of Its Cars From Jan 2023

India is set to become the fifth largest market for the brand in 2022 after France, Germany, Russia and Brazil.

Renault India has announced that it will be increasing the prices of its models from January 2023.

Renault has not disclosed the exact quantum of the price hike, but, along with other carmakers, the prices are being increased due to rising input costs driven by costlier inputs, fluctuating foreign exchange rates, inflation and regulatory obligations. to offset the effect of.

According to Renault, India is set to become the fifth largest market for the brand in 2022 after France, Germany, Russia and Brazil. India also accounts for 44% of Renault’s total revenue.

Renault’s current product portfolio comprises three models – Kwid, Triber and Kiger.