Wednesday, 14 December 2011

Renault to hike the prices of SUV Koleos by Rs 1 Lakh in January 2012

Renault India has today announced that the car maker will hike the price of its recently launched SUV Koleos by Rs 1 Lakh with effect from 01st January 2012. The french carmaker has blamed the depreciating rupee for the increase in price of the models.

"The Koleos will now be available at Rs 23.99 lakh (ex-showroom, New Delhi). Earlier, it was offered at a price of Rs 22.99 lakh," it added.

Commenting on the price hike, Renault India Managing Director Marc Nassif said: "This has been necessitated by the increase in the cost of raw materials and fluctuations in the currency market. Until now we have been absorbing the increases, but we now have to reflect an element of these costs in our pricing."

Other car-makers like Nissan Motor, Hyundai Motor, Ford, General Motors and Toyota Kirloskar have also announced hikes in prices of their models by up to 3 per cent from January 1.


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