French car major Renault today said it will increase prices of Kwid, Duster and Lodgy by upto 3 per cent from January to partially offset the impact of rising input costs.The company has however kept its recently launched
premium SUV Captur out of the price revision."The price hike will be applicable on Kwid, Duster and Lodgy. Reasons of the price hike are to partially offset the impact of rising input and freight costs," the company said in a statement.
Yesterday, Mahindra & Mahindra and Volkswagen announced to increase prices of their respective vehicles in the country.While Mahindra announced to increase prices of passenger and commercial vehicles by up to 3 percent from January, Volkswagen said it will hike prices by up to Rs 20,000. Already, Maruti Suzuki India, Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have announced price hike from early next year. Skoda Auto will hike in prices in the range of two to three percent starting January 2018. Isuzu Motor India will also be increasing prices of its products by three to four percent. The D-Max will see a price hike of Rs 15,000 while the MU-X SUV will be costlier by Rs 1 lakh.
Honda Car India has also announced price hikes up to Rs 25,000. The company will increase the prices on all its models by one to two percent. Toyota Kirloskar Motor will raise the prices of its products by 3 percent. Last, Mahindra & Mahindra too is set to raise prices in the range of Rs 7,000 to Rs 30,000, depending on the model.