Renault India plans to increase prices across its vehicle lineup by up to 2 percent beginning April 2025, the company announced on Thursday. The price adjustment will vary depending on the model and variant.
According to Venkatram Mamillapalle, Country CEO and Managing Director of Renault India, the company has been absorbing rising input costs for a considerable time to support its customers. However, the sustained increase has now made price adjustments necessary to maintain product quality and innovation.
This marks Renault India's first price hike in over two years, with the last increase implemented in February 2023. The company stated it remains committed to offering value to customers while delivering quality products and services.
Renault India operates as a fully owned subsidiary of Renault S.A.S. France. The company manufactures vehicles at its facility in Oragadam, Chennai, which has an annual production capacity of 480,000 units. The automaker maintains approximately 380 sales and 450 service locations throughout India, including 210 mobile service units.
Renault has positioned itself as a pioneer in electric vehicles in Europe and has been working on its strategic "Renaulution" plan, which aims to transform the company toward a more balanced and electrified vehicle range. The brand focuses on embodying innovation in technology, energy, and mobility services both within and beyond the automotive industry.
The price increase comes at a time when several automakers in India have been adjusting their pricing strategies in response to rising material costs and inflationary pressures in the automotive sector.