New Delhi/ Kolkata, Dec 11 (IBNS): Renault, the Number One European automotive brand in India, announced that it will increase prices across its range of cars by upto 1.5%, effective from January 2019.
Reasons for the price hike are to partially offset the impact of increasing input costs and fluctuations in foreign exchange rates.
India is a key market for Renault, with a long-term strategy to grow the brand in the dynamic Indian market. Over the last few years, Renault has focused on establishing a strong base in India which includes a state-of-the-art manufacturing facility, a world-class technology centre and two design centres.
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 the diversified Indian customers.
Together with launching products of global repute, Renault has a strong ‘India strategy’ with heavy emphasis on localization in its current and future range of products, offering customers a compelling value proposition.