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French auto major Renault's Indian arm Renault India Pvt. Ltd. will be increasing its prices on the existing product range from January 2014. However, the company refrained from disclosing the quantum of the increase.
The hike will be in line with industry standards. Price rise is in order because of swelling inputs cost, which has further driven up the cost of components, said the company.
On Tuesday, Renault's partner and Japanese auto major Nissan said that it is planning for price increase ranging from 2% to 4%, will be effective from January 2014.
Sumit Sawhney- Executive Director Sales and Marketing commented that "due to unavoidable macro-economic factors such as increasing rates, input costs, Renault India will increase prices across its product range in January. We will provide more information on the price increase soon, although this will be as per industry standards”.
However, due to festive season and year end the best time to buy Renault is now as it is offering best deal on its product portfolio including additional two year warranty, attractive exchange benefits, three years insurance and 24x7 road assistance to all customers joining the Renault family.
