Renault to hike vehicle prices in India by up to 1.5% from January

A new Renault Kadjar car is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Denis Balibouse - RTS11QWC

European automaker Renault on Tuesday announced up to 1.5 percent increase in its vehicle prices in India from January.

The increasing input costs and fluctuations in foreign exchange rates have necessiated the company to revise upwardly its car prices, which will help it partially offset the increased costs, it said in a release.

Some of the carmakers such as Maruti Suzuki, Skoda, Isuzu and Toyota Kirloskar have already announced hiking their vehicle prices from January to offset increasing input and distribution costs.

Renault India product range comprises Renault Duster, Kwid, Lodgy and Captur.