December 22, 2014 03:21 pm | Updated April 11, 2016 07:42 pm IST - New Delhi
A worker walks past parked Renault cars at its stockyard on the outskirts of the western Indian city of Ahmedabad June 11, 2013. Car sales in India fell an annual 12.3 percent in May, an industry body said on Tuesday, dropping for the seventh straight month, as weak consumer sentiment in a slowing economy continued to weigh on demand. REUTERS/Amit Dave (INDIA - Tags: BUSINESS TRANSPORT EMPLOYMENT TPX IMAGES OF THE DAY)
Automobile manufacturer Renault India on Monday said effective Jan 1, 2015, it will increase prices of its vehicles up to 2.5 percent due to rising input costs.
“So far we have absorbed the rising input costs, but a sustained challenging market environment has compelled us to increase our prices,” said Rafael Treguer, vice president, sales and marketing, Renault India.
“The industry is eagerly looking forward to pro-business policies to reignite the automobile industry in India,” he added.
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