Honda, Renault announce hike in car prices from this Date: Check details
Car Price Hike April 2025: Renault India has decided to increase the prices of all its car models by up to 2%. These new prices will be effective from April 2025. The company said that this increase may vary depending on different variants and models. The vehicle manufacturer said that this is the first price increase announced by Renault India since February 2023.
The company said that the cost of production has been increasing continuously for some time, which is now sure to affect the prices.
Why did the prices have to be increased?
Renault India Managing Director (MD) and Chief Executive Officer (Country) Venkatram Mamillapalle said that this decision has to be taken due to the increase in raw material prices, logistics expenses and other costs. The company tried to handle the increased cost on its own for a long time, but now it is not possible to keep the prices stable.
Prices are increasing after 2 years
Renault India last increased the prices of cars in February 2023. That is, after about two years the company is increasing the prices of its vehicles. During this period many new features and upgraded models were introduced, but the prices were kept stable.
Which models will see a price increase?
The official statement said that the price hike will affect popular Renault models like Triber, Kiger and Kwid. The Renault Triber has a starting price of Rs 6.09 lakh (ex-showroom) and is also available with a CNG option.
The price of Renault's SUV Kiger also starts at Rs 6.09 lakh (ex-showroom) and it comes with a turbo petrol engine option. The starting price of Renault Kwid is Rs 4.69 lakh (ex-showroom).
Other companies also increased prices
Before Renault, many other auto companies have also announced to increase prices from April 2025. Companies like Maruti Suzuki, Tata Motors, Kia India, Hyundai and Honda Cars are also going to increase the prices of their vehicles by 2% to 4% due to rising costs.
Kia India announced to increase prices by 3%, new prices will be effective from April 1.
Tata Motors will increase prices by 2%, especially commercial vehicles will be affected.
Maruti Suzuki decided to increase prices by 4%, which will make entry-level to premium models expensive.
What will be the impact on customers?
If you are planning to buy a car before April, then this can be a good opportunity for you. Because in the coming month, due to the increased prices, many models will become expensive, due to which customers may have to spend more money. If you are thinking of buying a car in view of the rising prices, then you can benefit by booking your favorite car before April.
Current challenges of the automobile sector
India's automobile sector is currently facing many challenges. Reasons like increase in cost of raw materials, supply chain crisis and logistics expenses remain a big concern for the companies. For this reason, many companies have decided to increase the prices.
Also Read: Stocks to Watch on March 19: Key Market Updates and Top Companies in Focus
Also Read: Top Stocks: These 5 declined shares become rocket today, have you invested?
.