Renault India to hike Koleos's Price

Renault India, the fully owned subsidiary of the Renault group has announced the hike in price of its premium SUV model, the Koleos which would be effective from January 1, 2012. The Completely-Built-Unit from Renault India will be available at a price of Rs. 23.99 lakhs, ex-showroom Delhi from Rs. 22.99 lakhs, ex-showroom Delhi.

Marc Nassif, MD, Renault India 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. The flagship Renault Koleos with it’s outstanding levels of refinement and luxury remains excellent value for money. It has been very well received in the Indian market and has already established a strong position in the Premium SUV segment in India.”

Launched in September 2011, the Koleos is sold in Europe, South America and Asia Pacific.