Renault Kwid which was launched in September is a huge success due to its attractive pricing. It is launched within a price range of around 2.57 to 3.53 lakhs. SUV inspired looks along with huge VFM offer helped Kwid to get humongous bookings of around 50,000. Renault had also planned to increase the production capacity of Kwid from current 6,000 units to around 10,000 units from January 2016. Now citing rise in input costs and rupee value fluctuation, Renault has decided to increase prices of all its models. Renault Kwid price hike/increase could be in the range of Rs. 7,000 to Rs. 10,000, basing on the variant.We believe that a marginal price increase of around 10K may not have huge impact in the demand of Kwid.
It had set a new benchmark in the small hatchback segment giving sleepless nights to many of its competitors. Renault Kwid is currently available with 0.8-litre 3 cylinder petrol engine. It is also expected to come in AMT and 1.0L engine offerings in the future.