<p>New Delhi: Automaker <a href="https://www.deccanherald.com/tags/renault">Renault</a> India on Thursday said it will increase prices of its entire model range by up to 2 per cent from April.</p>.<p>The extent of the increase will vary for different variants and models, the company said in a statement.</p>.<p>The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period, it added.</p>.Renault seeks regulatory discipline in India as it plans new investments.<p>"Despite our best efforts to maintain prices for a long time, the sustained increase in input costs has necessitated this price adjustment," Renault India Country CEO and MD Venkatram Mamillapalle said.</p>.<p>The company has been absorbing these costs for a long time to support customers, but to continue providing the best quality and innovative products, a price revision has become inevitable, he added.</p>.<p>This is the first price hike announced by Renault India since Feb 2023, the automaker noted.</p>.<p>Various carmakers, including Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars, have already announced plans to hike vehicle prices from next month citing rising input costs. </p>
<p>New Delhi: Automaker <a href="https://www.deccanherald.com/tags/renault">Renault</a> India on Thursday said it will increase prices of its entire model range by up to 2 per cent from April.</p>.<p>The extent of the increase will vary for different variants and models, the company said in a statement.</p>.<p>The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period, it added.</p>.Renault seeks regulatory discipline in India as it plans new investments.<p>"Despite our best efforts to maintain prices for a long time, the sustained increase in input costs has necessitated this price adjustment," Renault India Country CEO and MD Venkatram Mamillapalle said.</p>.<p>The company has been absorbing these costs for a long time to support customers, but to continue providing the best quality and innovative products, a price revision has become inevitable, he added.</p>.<p>This is the first price hike announced by Renault India since Feb 2023, the automaker noted.</p>.<p>Various carmakers, including Maruti Suzuki, Hyundai, Tata Motors, Kia India and Honda Cars, have already announced plans to hike vehicle prices from next month citing rising input costs. </p>