Renault India raises car prices by 2% next month

Renault India announces prices have risen by as much as 2% from April, citing rising input costs

Renault India announced its car price increase as price uptrends continue throughout the entire Indian auto industry. French automakers will start to grow by 2% next month starting next month, after similar actions were taken by other major manufacturers such as Maruti Suzuki, Tata Motors, Hyundai and Kia. The extent of price increases will vary based on the model and variant.

Rising input costs drive price revision

Like many automakers, Renault attributes this adjustment to the input costs of upgrades, which have been putting pressure on them. The company said it has absorbed these rising expenses for a long time, but cannot continue without the necessary pricing changes. The move is consistent with similar decisions made by competitors, many of whom have launched multiple price increases over the past year.

It is worth noting that this marks the first price increase in Renault India since February 2023. By contrast, other manufacturers implemented two or even three revisions over the same time frame.

Industry-wide trends in price adjustments

Several car brands have proved their price revisions on the grounds of rising raw materials, logistics and overall production costs. With inflationary pressures affecting various sectors, the automotive industry has to recalibrate pricing strategies while maintaining its competitive advantage.

As several manufacturers announced similar revisions, industry experts believe that price increases may continue to be a recurring trend in the coming months. Consumers planning new purchases may need to take these changes into account during their decision-making process.

India, which raises car prices by up to 2% next month, appears first on motorcycles after Renault India.