Renault to hike pricing of Kwid by 3% from next month; Duster and Lodgy too will be pricier
Renault has announced price hike of its three cars – Kwid, Duster and Lodgy from January 2018. The move comes as production cost of the vehicles has increased. With this announcement, Renault has joined the bandwagon of other car manufacturers like Tata Motors, Mahindra, Honda, Volkswagen, Skoda, Toyota and Isuzu that have already announced price hike of entire portfolio from next month.
While the Kwid, Duster and Lodgy will become dearer from January 2018, Renault has kept the recently launched premium SUV Captur out of the price revision. As the band says, this price hike decision has been taken to partially offset the impact of rising input and freight costs. However, Renault believes this price hike won’t affect the sales of the company in domestic market.
Renault currently sells four models in Indian market that are Kwid, Duster, Lodgy and Captur. The brand has seen immense success with the Kwid hatchback that introduced a fresh design trend in the mass market segment of the country’s auto market. In fact, high sales Kwid here have helped India to become one of the top six global markets for the French auto major.
Renault Duster too has seen positive response here. Now, the brand is aiming to launch next generation Duster in the country that is expected to arrive in 2019. Apart from that, the brand is also focusing on couple of new products here. One of them is the new MPV codenamed as RBC. As promised earlier, Renault aims to launch couple of Kwid based products too.
As we reported earlier, Renault is currently working on a Kwid based MPV that will lock horns with Wagon-R based MPV. So far, Renault is keen to increase its stake in the highly competitive UV segment of Indian market. For that, the brand is emphasising on its modular platform CMF-A that underpins Kwid.
Renault could increase localisation of products in the country to achieve even more competitive pricing. As the brand has revealed, India is going to play crucial role in the auto manufacturer’s ‘Drive The Future’ plan.