Renault India to hike price in January

Renault India is likely to hike the price of its vehicles (entire range) in January following the rising input costs, according to a statement issued by the company.

Vehicles made by Renault India, a fully-owned subsidiary of France's Renault SAS, would be dearer by 2.5 per cent with effective from January, 1, 2015.

The vice president-sales and marketing Rafeal Treguer said that due to the rise in the input cost, the company was compelled to increase price of its vehicles.

The company has been selling its five model cars - Pulse, Scala, Duster, Fluence and Koleos in India auto market.

Earlier, the auto companies –Nissan, Maruti Suzuki, Hyundai Motor India, BMW, Tata Motors and Mahindra & Mahindra had announced hike in car prices.

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Maruti Suzuki cars to cost more from January 2013

In a significant development, the Maruti Suzuki company has declared to hike the price of cars by around 20,000 rupees from January 2013.

Those are planning to buy a car from this company need to pay more the cars from January 2013. But the news of hike in price have pushed the scrips of Maruti Suzuki to one year highest mark.

The share of the Maruti Suzuki company have zoomed around 3 per cent on Friday after the company declared price hike for its cars by next year.

On BSE the shares of Maruti Suzuki touched Rs. 1,533.75 by gained 3.54%  and on NSE its stocks were traded at Rs. 1,535.40 with  3.56% up. 

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