Renault India today formally announced a price hike across its range of products effective January 1 2013. The price increase will be up to 1.5% depending on the model. Renault India currently sells five models in India – Pulse, Scala, Duster, Fluence and Koleos.
Commenting on the price increase SumitSawhney, Executive Director, Sales & Marketing said “we have to follow suit with the rest of the industry as input costs have gone up tremendously. We tried to absorb the increase as much as possible but now we are forced to pass on some of the burden to our customers as high input cost coupled with high inflation are all eating in to our bottom line. But at the same time we have tried our best to keep it at a level where it should not impact demand and we are sure that customers would still see a lot of value in our products.”