Renault, the Number One European automotive brand in India, announced that it will increase prices across its range of cars, effective from January 2023. Reasons for the price hike are 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.
India is a key market for Renault, with a long-term strategy to grow the brand in the dynamic Indian market. Over the last few years, Renault has focused on establishing a strong base in India which includes a state-of-the-art manufacturing facility, a world-class technology centre, two design centres, 500 sales and more than 500 service touchpoints.
Going forward, Renault will continue with its product offensive strategy in India and will work towards substantially growing the Renault brand in India. Renault plans to bring several new innovations in products and services for the diversified Indian customers.
Together with launching products of global repute, Renault has a strong ‘India strategy’ with heavy emphasis on localization in its current and future range of products, offering customers a compelling value proposition
Renault India Pvt. Ltd. is a fully owned subsidiary of Renault S.A.S. France. Renault India cars are manufactured in the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units per annum. Renault India also has a widespread presence of 500 sales and more than 500 service touchpoints, which includes 250+ Workshop On Wheels and WOWLite locations across the country, with benchmark sales and service quality.
With the launch of the Renault KWID, Renault India registered a growth of 160% in domestic sales in December 2015. In March 2016, Renault India launched the new Renault DUSTER which continues to further its market share. In November 2017, Renault India redefined India’s style statement with the launch of the Renault CAPTUR. In August 2019, Renault India offered ‘Space for Everything’ in a car with the launch of the super spacious, ultra-modular Renault TRIBER that witnessed a massive success in Indian market which was soon after followed by the huge success of Renault KIGER launched in 2021.
Renault India’s diverse product line up and services have seen strong recognition among customers and industry experts alike, winning more than 60 titles, making Renault India one of the most awarded automotive brands in a single year in India.
India has progressively risen from 13th in 2018 to the top 5th global markets for Renault after France, Germany, Russia and Brazil in 2022 within a short span of three years, propelled by the success of Kwid, Triber, and Kiger. India has emerged as a crucial component of Renault's overseas operations, accounting for 44% of overall revenue.