Renault To Hike Prices Of Vehicles In January, More Details Inside

French auto major Renault on Thursday said it will hike prices of its vehicles from January to offset rising input and material costs. The company said it would undertake “a substantial price increase” across its range of vehicles with effect from January 2020. “The price increase is on the account of rising input and material costs,” Renault India said in a statement.

The extent of price increase may vary for different models, it added. The company currently sells a range of vehicles from entry level small car Kwid to SUV Captur, priced between Rs 2.3 lakh and Rs 12.99 lakh (ex-showroom Delhi).

Companies including Maruti Suzuki, Mercedes and Toyota have already said they would hike prices from January to offset rising input costs.

Apart from this, Triber has become French auto major Renault’s best-selling car in India by crossing the mark of 18,500 since its launch in August 2019. In fact, Triber has surpassed Kwid as the best-selling model in India in three out of the last four months.

According to reports, Renault sold 2,490 units of the Triber in August, 4,710 units in September, 5,240 units in October, and 6,071 units in November. The compact seven-seater multi-purpose vehicle Triber has been launched at the price range of Rs 4.95 lakh and Rs 6.49 lakh.

Triber is the second model from the company after Kwid which has been specifically designed and developed for the Indian market. Renault Triber was recently launched in India. Introduced in four variants, the compact seven-seater multi-purpose vehicle Triber is priced between Rs 4.95 lakh and Rs 6.49 lakh.

It is worth mentioning here that while the automaker has presently launched Renault Triber in only a manual variant, the automatic trim is expected to make its way in the Indian market by the end of 2019 or early next year.

(With inputs from PTI)