Page 3 - Renault

Renault to hike vehicle prices by up to Rs 28,000 from next month

Automaker Renault India on Friday said it will increase price of its entire model range by up to Rs 28,000 from next month. The company, which sells models like Kwid, Duster and Triber, said the price hike from January would vary across variants and products. "The price increase is a result of the steadily increasing input costs across the spectrum, including input costs for steel, aluminium, plastics and other affiliated cost increases during the pandemic," Renault India said in a statement. Automobile manufacturers such as Maruti Suzuki India, Ford India and Mahindra and Mahindra have already stated that they would be increasing price of their vehicles from January in order to mitigate the adverse impact of rising input costs, specially raw materials and commodity prices. Earlier this week, two-wheeler major Hero MotoCorp also announced that it will increase price of its vehicles by up to Rs 1,500 from January 1, 2021 to offset the impact of rising input costs.

Hero MotoCorp and the art of motorcycle makeover

Hero is gearing up to provide service and parts support to customers even where there are no Harley dealerships through its own network

Southern Railway Chennai division's revenue from auto loading up 17% in Oct

Loads 10,004 cars on 43 rakes consisting of 1,151 wagons; earns revenue of Rs 11.8 crore in October

Renault expands sales network, adds 34 sales, service outlets in 2 months

This marks a total of more than 90 new touchpoints that the company has added across India in less than a year, Renault India said in a statement

Renault aims to drive in new models in India and focus on sales initiatives

The company is now gearing up to further bolster its product portfolio

Buyers in Europe rejoice as policymakers offer electric-car subsidies

Chancellor Angela Merkel and President Emmanuel Macron have sought to soften the coronavirus pandemic's blow to the badly hit car sector.

Renault launches new RXL variant of Kwid, starting at Rs 416,000

The new RXL variant comes in two versions, MT and AMT, priced at Rs 416,00 and Rs 448,000, respectively

Renault plans to cut 14,600 jobs worldwide in race to reduce costs

The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion

World coronavirus dispatch: The UK-NZ-Germany success, and Korea's haste

From carmaker Renault laying off 14,600 people, to S&P's downgrading Rolls-Royce to junk, and the third type of coronavirus transmission - read these and more in today's world dispatch

Renault says China, South Korea plants restarting post coronavirus shutdown

Renault's site in Wuhan, the epicentre of the outbreak, was taken offline in late January. It has an annual production capacity of 150,000 vehicles

Renault launches BS-VI compliant Duster, price starts at Rs 849,000

The BS-VI version of Duster will be available with a 1.5-litre petrol engine and a 5-speed manual transmission in three variants

Nissan to pull out of venture fund with Renault in cost-cutting drive

Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters

With profitability in mind, Renault plans slew of initiatives in India

The auto maker is also gearing up to bring a mass segment EV in India within the next two years

Renault reports first net losses in a decade for 2019 on lower sales

Renault said in a statement it suffered net losses of 141 million euros ($152 million)

Renault launches 'made in India' Triber in South Africa, ships 600 units

With base in South Africa, Renault also plans to sell the model, which comes with a one litre petrol engine and flexible seating arrangement, in other parts of the African continent.

Nissan sues former chairman Carlos Ghosn, seeks $91 million in damages

Ghosn was arrested in November 2018 on charges of financial wrongdoing, and faced trial in Japan until making a dramatic escape to Lebanon at the end of December

Auto Expo 2020: Renault India to bring mass segment EV in 2 years

Stating that the Kwid could drive in as the first EV in India because of its "awareness and familiarity" with the market, Cambolive said it will have to be localised.

Renault unveils AMT version of Triber, launch in 2nd quarter of the year

Renault recently also commenced exports of the MPV to South Africa and SAARC region

Nissan plans aggressive cost cuts after Ghosn's expansionist strategy fails

Now, Nissan is considering shutting two plants permanently, on top of the reductions at the 14 other sites

Year in Review: How world's top 10 business personalities fared in 2019

The year 2019, a breakthrough year for business, saw both fortunes being built and destroyed. Business Standard lists top 10 business personalities from across the globe who made headlines in 2019