Renault India, the wholly owned subsidiary of Renault s.a.s., announced revised price of its premium SUV, Koleos. The imported SUV will be offered at a hiked price, effective from the January 1, 2012. Continuous devaluation of the Indian rupee against major currencies is the reason for price revision.
Referring to the price hike Marc Nassif, MD, Renault India, quoted, “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 its outstanding levels of refinement and luxury remains excellent value for money. It has been very well received in the Indian market has already established a strong position in the Premium SUV segment in India”.
Renault Koleos was introduced to Indian audience in September, 2011. The premium SUV was well-received in the market, gathering appreciation for its new age features, smooth performance and off-roading capabilities. The same model registered 51 per cent (YOY) growth in the first half of 2011 in Europe. Presently, Renault Koleos is being sold across diverse markets of Europe, South America and Asia Pacific.
Renault Koleos comes loaded with a 2-litre DCI diesel engine that churns out maximum power output of 150 bhp at 4000 rpm and has peak torque of 320 Nm at 2000 rpm. Incorporation of advanced features like Dual zone auto AC, Bose music system and Bluetooth makes it one of the most contrasting SUVs in its range. Other features of the premium off-roader one of the safest cars on Indian roads with 5 star European NCAP rating are 6 airbags, cruise control, 4-wheel drive with 3 modes, ABS and EBD.
Renault Koleos will come at a price tag of Rs. 23.99 lacs (ex-showroom, New Delhi), which was previously priced at Rs.22.99 lacs.
About Renault
The renowned French automotive group is a €40 billion (US$55 billion) enterprise that designs, develops, manufactures and sells innovative, safe and environmentally-friendly vehicles across the world. This group constitute three brands Renault, Dacia and Samsung, which are operational in 118 countries. Across the world, the Renault Group employs 122,000 people worldwide.
Renault entered in a business alliance with Nissan in 1999, which is the fourth largest automotive group in the world. The alliance aims to be positioned in world’s top three automotive groups for quality, technology and profitability.
Renault, a group with a long and successful history of vehicle production, was established in 1898. Presently, Renault produces cars and light commercial vehicles in 18 countries across five continents of the world. In context of fuel efficiency and CO2 emissions, Renault line-up is acknowledged as the best.
In a recent development, Renault unveiled a range of full-electric, zero emission cars. These cars are expected to be in production in near future, will initially be available in Israel and Denmark, thereafter these will be introduced in several other European countries.
High-potential markets such as India, Brazil, Russia and China will reflect international growth for the automaker. Owing to the strategic alliance with illustrious automakers, Renault cars are specifically designed to meet the differing requirements of customers scattered all over the world.
Renault is Europe's one of the most prominent brands brand in context of safety that has nine cars with the maximum five-star Euro NCAAP rating. Moreover, Renault has long presence in motorsports. Renault team emerged winner of the Formula 1 World Championship for Constructors and Drivers in 2005 & 2006.
