With the end of the year, automakers are increasing the price of their vehicles. Renault, France’s leading automaker, is now updating its range of vehicles. If you are also thinking about buying Renault cars for a lower price then this is the last chance as these vehicles will be expensive for the next few months.
According to information, the company will increase the price of its vehicles to Rs 28,000 and these increased prices will be applicable nationwide from January 1. However, there is no word yet on what model the company will increase. Currently, the cheapest car in the Indian market is the Renault Quid, with a starting price of Rs 2.99 lakh.
Increasing input costs for vehicle manufacturers are driving up the cost of vehicles, the company said. In addition, the cost of raw materials such as steel, aluminum, plastics etc. has also increased, which is affecting the production cost of vehicles. The company attributed the increase to cases caused by the corona epidemic.
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Recently, companies like Maruti Suzuki and Tata Motors have also announced increases in their vehicle prices. Vehicle prices are rising at a time when the country’s auto industry is slowly recovering. In the past months, companies have received some help from the festival from Tivu but again, vehicle sales have slowed.
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