Renault to hike prices of its cars from January 2023

India became the fifth largest market for the brand after France, Germany, Russia and Brazil in 2022.

Renault India has announced that it will increase the prices of its models from January 2023.

Renault hasn’t revealed the exact quantum of the price hike, but, as with other carmakers, prices are being increased to offset the impact of rising input costs driven by pricier commodities, fluctuations in foreign exchange rates, inflation, and regulatory obligations.

According to Renault, India became the fifth largest market for the brand after France, Germany, Russia and Brazil in 2022. India also accounts for 44% of Renault’s overall revenue.

Renault’s current product portfolio includes three models – Kwid, Triber and Kiger.

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