Car maker Renault India today said it will hike the price of its sports utility vehicle Koleos by Rs 1 lakh from January 1 due to depreciating rupee.
"In the face of the huge devaluation of the Indian rupee against major currencies, the company was forced to revise the price of the Koleos... The new prices will be effective from the January 1, 2012," Renault India said in a statement.
"The Koleos will now be available at Rs 23.99 lakh (ex-showroom, New Delhi). Earlier, it was offered at a price of Rs 22.99 lakh," it added.
From: http://ping.fm/wdbv2
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