The auto industry’s usual price hike season is around the corner, and Renault India is the latest manufacturer to join the list. Following similar announcements from Maruti Suzuki, Hyundai, Kia, and Tata Motors, Renault has confirmed that it will increase the prices of its cars by up to 2 percent starting next month.
Hike
Renault stated that the exact amount of the hike will vary depending on the model and the specific variant. So, while entry-level trims may see a smaller bump, higher-end variants could carry a slightly larger increase in pricing.
This hike applies to the brand’s entire current lineup, which includes popular models like the Kwid, Triber, and Kiger.
Reason
The company has cited the usual reason for this upward revision: rising input costs. According to Renault, these costs have been on the rise for a while now and were being absorbed internally to keep pricing competitive. But with the pressure mounting, the automaker believes the time has come to pass on part of the burden to the customer.
Interestingly, this is Renault’s first price hike since February 2023. That’s quite different from other carmakers who have already hiked prices two or three times this year alone. Renault’s decision to hold back for over a year reflects a genuine effort to maintain affordability for its buyers.
Statement
Venkatram Mamillapalle, Country CEO and Managing Director of Renault India, addressed the move, saying, “Despite our best efforts to maintain prices for a long time, the sustained increase in input costs has necessitated this price adjustment. We have been absorbing these costs for a long time to support our customers, but to continue providing the best quality and innovative products, a price revision has become inevitable.”
It’s a statement we’ve seen echoed across the industry — carmakers balancing rising production costs while trying to hold on to value-focused pricing.
Market
The timing of the announcement aligns with the industry trend. Most car manufacturers typically announce hikes either at the start or midpoint of the financial year. With the end of March approaching, this is expected as companies prepare for FY2025 budgets and cost restructuring.
For buyers, this means now might be a good time to lock in a purchase before prices climb. Dealerships are likely to see a small spike in interest over the next few weeks as buyers rush to make the most of current pricing.
Wrap-up
In short, Renault India’s upcoming price hike is part of a larger wave sweeping across the auto sector. While the increase is moderate — capped at 2 percent — it still means higher on-road costs for prospective buyers from next month. If you’ve been eyeing a Renault model, acting sooner rather than later might save you a few thousand rupees.
FAQs
When will Renault’s price hike begin?
The hike will start next month.
How much is the price increase?
Up to 2 percent depending on model and variant.
Why is Renault increasing prices?
Due to rising input and production costs.
Is this Renault’s first hike this year?
Yes, it’s the first hike since February 2023.
Which models will be affected?
All Renault models including Kwid, Triber, and Kiger.
