Renault India joins Maruti Suzuki and other automobile firms by announcing a price hike for 2023.
Renault has officially confirmed a price hike across a range of models in its portfolio from January onwards. The reasons cited by the automaker for the price increase are to partially offset the impact of continuous rise in input costs, fluctuation in foreign exchange rates, inflation, and also regulatory obligations. The passenger vehicle manufacturer currently makes the Renault Triber, Kwid, and Kiger for the Indian marketplace.
The company has stated in its press 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 diversified Indian customers.'
The company managed to sell 6,330 units in November 2022. In the same month last year, it sold 5,052 units. With 25% YoY growth, the firm has received an overall positive response from consumers.
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