Renault India declared hike in price across its range of products. Renault India Private Ltd is a fully owned subsidiary of Renault s.a.s, France. Renault India Pvt Ltd was established in 2005 and in May, 2011 the Fluence was introduced to the customers in India. Renault India sells five models in India which includes the popular SUV-duster, premium sedan- Fluence, the Koleos, the mid-size sedan Scala and the premium hatchback Pulse. The price hike will be up to 1.5 percent and will be effective by 1st January 2013.
Sumit Sawhney, Executive Director, Sales and Marketing said, "we have to follow suit with the rest of the industry as input costs have gone up tremendously. We tried to absorb the increase as much as possible but now we are forced to pass on some of the burden to our customers as high input cost coupled with high inflation are all eating in to our bottom line. But at the same time we have tried our best to keep it at a level where it should not impact demand and we are sure that customers would still see a lot of value in our products."
Within a span of 18 months, Renault India has set up 75 dealership network across the country. Renault India is the first manufacturer to offer a full range of products to customers in a short period of time.