Renault India on Wednesday announced a price hike across its range of PVs effective January 2023.
A press release from Renault India noted that the price hike comes as a measure to partially offset the impact of constant increases in input costs largely driven by pricier commodities, fluctuations in foreign exchange rates, inflation and also due to regulatory obligations.
However, the company noted that India is a key market for Renault, with a long-term strategy to grow the brand in the dynamic Indian market.
Going forward, Renault will continue with its product offensive strategy in India and will work towards substantially growing the brand in India.
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