Automobile manufacturer Renault India Monday said effective Jan 1, 2015, it will increase prices of its vehicles up to 2.5 percent due to rising input costs.
"So far we have absorbed the rising input costs, but a sustained challenging market environment has compelled us to increase our prices," said Rafael Treguer, vice president, sales and marketing, Renault India.
"The industry is eagerly looking forward to pro-business policies to reignite the automobile industry in India," he added.