').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Renault India To Hike Prices Across Models From Jan To Offset Input Costs
Carmaker Renault India on Wednesday said it will increase the prices of its vehicles across models from the next month to partially offset rising input costs
Topics
Renault India | car prices
Carmaker Renault India on Wednesday said it will increase the prices of its vehicles across models from the next month to partially offset rising input costs.
The company -- which sells small car Kwid, multi-utility vehicle Triber and compact SUV Kiger with prices ranging from Rs 4.64 lakh to Rs 10.62 lakh -- however, did not disclose the quantum of its impending price hike.
"Reasons for the price hike are to partially offset the impact of constant increases in input costs largely driven by pricier commodities, fluctuations in foreign exchange rates, inflation and also due to regulatory obligations," Renault India said in a statement.
The company asserted that India is a key market for it and has a long-term strategy to grow the brand with plans to "bring several new innovations in products and services for the diversified Indian customers".
Together with launching products of global repute, the company said, "Renault has a strong 'India strategy' with a heavy emphasis on localisation in its current and future range of products, offering customers a compelling value proposition".
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, December 07 2022. 20:13 IST
RECENT NEWS
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more