Renault India Pvt. Ltd ., have announced new prices for their Duster SUV with effect from 1st October 2012. Prices of this SUV will be increased by upto Rs.40,000, a price rise which comes at a bad time considering that the auto industry is gearing up for increased sales during the upcoming festive season. Citing reasons for this price increase, the company has stated that higher material costs, rising input costs and instability of foreign exchange have left them with no other recourse but to increase prices.
Renault Duster was introduced in Indian markets in July 2012 at an introductory price of Rs.7.19 lakhs for their petrol variant and Rs.7.99 lakhs for the diesel variant. Now, following increased prices, the petrol variant will be increased by Rs.30,000 while its diesel counterpart will be increased by Rs.40,000.
Company sources have cited factors beyond their control for this increased pricing but will be retaining introductory pricing for all bookings made till end of August 2012. While Renault has announced these new prices other auto companies in India will also be following suit. Honda and General Motors have also indicated a price rise coming into effect from 1st October 2012.