Renault India has announced that its product portfolio will get dearer from January, 2014. The France based carmaker attributes the decision to an increase in input costs. Owing to the increase in raw material costs, the prices of components are getting dearer which is pushing car manufacturers to hike prices across their product portfolio.
Unlike other car manufacturers though, Renault has not revealed the percentage of price hike that will come into effect across its models. Till now, Tata, Maruti, Hyundai, Mercedes-Benz, Audi, BMW and Honda have announced a price hike which will come into effect from January, 2014.
“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,” said Mr. Sumit Sawhney- Executive Director Sales and Marketing, Renault India.
While the car industry continues to reel under a slump and the festive season failing to give sales a fillip, Renault aims to attract customers by offering a better value deal. On buying a Renault vehicle one can avail of additional two year warranty, attractive exchange benefits, three years insurance and 24x7 road assistance.