New Delhi:
Renault India has decided to increase the prices of all its car models by 2%. These new prices will be applicable from April 2025. The company said that this increase can vary depending on different variants and models. The vehicle manufacturer said that this is the first price increase declared by Renault India since February 2023. The company said that the production cost has been increasing continuously for some time, which has now been decided to fall on prices.
Why did the prices have to increase?
Renault India Managing Director (MD) and Chief Executive Officer (Country) Venkataram Mamilpalla said that this decision has been taken due to the increase in raw material prices, logistics expenses and other costs. The company tried to handle the increased cost for a long time, but now it is not possible to keep the prices stable.
Prices increase after 2 years
Renault India last increased the prices of cars in February 2023. That is, after about two years, the company is increasing the price of its vehicles. During this time many new features and upgraded models were introduced, but the prices were kept stable.
Other companies also increased prices
Prior to Renault, many other auto companies have also announced to increase prices from April 2025. Companies like Maruti Suzuki, Tata Motors, Kiya India, Hyundai and Honda Cars are also going to increase the prices of their vehicles from 2% to 4%.
- Kia India announced to increase prices by 3%, new prices will be applicable from 1 April.
- Tata Motors will increase prices by 2%, especially commercial vehicles will be affected.
- Maruti Suzuki decided to increase the price by 4%, which will make the entry-level to the premium model expensive.
What will be the effect on customers?
If you are planning to buy a car before April, this may be a good chance for you. Because due to increased prices in the coming month, many models will become expensive, due to which customers may have to spend more money. Seeing rising prices, if you are thinking of buying a car, then you can benefit by booking your favorite car before April.
Current challenges of automobile sector
India’s automobile sector is currently struggling with many challenges. Causes such as raw material costs, supply chain crisis and increase in logistics expenses remain major concern for companies. For this reason, many companies have decided to increase prices.