Renault Considering Price Hike For Kwid

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Renault India is considering to hike prices across its models in India. This includes its popular and best-selling small hatchback Kwid as well. The French automaker as cited offsetting input cost as the reason for the hike.

Renault Considering Price Hike For Kwid

The company is yet to quantify the price hike in the country and it is expected to announce it soon. As per emerging reports on the web, the price hike could be in the range of 1 to 2 percent and this will be across all models.

Renault Considering Price Hike For Kwid

Sumit Sawhney, managing director and CEO, Renault India said the company will be increasing the prices as input costs have gone up. The company is currently evaluating the period as to when they can exercise the increase.

Renault Considering Price Hike For Kwid

Renault in India sells five models which include Kwid, Pulse, Scala, Lodgy and its SUV Duster. The company launched the 1.0-litre version of the Kwid which will come under the price hike as well.

Renault Considering Price Hike For Kwid

The small car from Renault, Kwid has witnessed price hike twice since its launch back in September 2015.

Renault Considering Price Hike For Kwid

In January 2016, the company had increased the price of the Kwid by Rs 11,000 and then by Rs 9,646 in August this year. Renault launched the Kwid in the 0.8-litre model initially and later launched the 1.0-litre recently.

Renault Considering Price Hike For Kwid

The price hike in the car industry has seen Tata Motors, Hyundai, Honda, and Maruti Suzuki announcement as well citing the similar increase in the input cost.

Renault Considering Price Hike For Kwid

While Maruti Suzuki hiked the prices in therange of Rs 1,500 to Rs 20,000 depending on the model, Hyundai had increased the prices its models by up to Rs 20,000.

Renault Considering Price Hike For Kwid

Later Honda increased prices by up to Rs 14,250. Tata Motors had hinted at the price hike in the range of 1 percent and is yet to confirm the actuals.

Read more on: #renault #auto news
Story first published: Friday, October 14, 2016, 9:02 [IST]
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