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Renault India, the wholly owned arm of French automaker Groupe Renault, today announced a marginal revision of up to 2% in prices, effective January 2026.
“The price increase will vary between models and variants and has been necessitated by rising input costs and prevailing macroeconomic factors,” explains the French automaker.
The price hike comes days after JSW MG Motor India announced that it would increase prices by up to 2% from January 2026 due to rising input costs.
Renault and JSW MG Motor each represent 1% market share in the Indian market of 4 million passenger vehicles.
India’s largest automakers such as Maruti Suzuki India Ltd, Hyundai Motor India and Mahindra & Mahindra are yet to announce a price hike.
However, Shailesh Chandra, managing director of Tata Motors Passenger Vehicles, indicated a price hike in January during the company’s second quarter earnings conference call.
“In January, in the fourth quarter, we will generally take care of the price increase, which we generally do. In the last nine months, we have not been able to do that, but with the increase in raw material prices, we have to pass it on. So that will be the schedule,” he said.
Passenger vehicle volumes in India are expected to witness double-digit growth in the second half of the financial year 2025-26, according to Chandra. “My estimate is that it should be a double-digit growth. In FY26, the first half had seen a decline of 1.6% before the festive period. So overall, it should be in the region of around 5%,” Chandra said during the automaker’s second quarter earnings conference call.
