Nissan hikes prices of select models
04 Feb 2013
Nissan Motor India, a subsidiary of Japan's Nissan Motor, has increased prices of its three models in India, joining the bandwagon of car manufacturers hiking prices to offset rising input costs.
The increase, which applies to all variants, ranges from 1.5 per cent to 2.5 per cent and is with effective 1 February 2013.
Prices for the hatchback Micra will go up by 1.5 per cent, the mid-size sedan Sunny by 2 per cent and the urban class utility vehicle, Evalia by 2.5 per cent, the company said in statement.
''The price rise, which we have held back for several months, is to offset rising input costs and also ease the impact of currency fluctuation. Although we have to make this adjustment, our cars continue to represent outstanding value for our customers within the Indian market,'' Nitish Tipnis, Director (Sales & Marketing) Hover Automotive India (Nissan's sales and distribution firm) said.
Last week, Hyundai Motor India Ltd (HMIL), the country's largest passenger car exporter and second largest car manufacturer, has hiked prices across all its models.
The price increase, which would be in the range of Rs 4,201-Rs20,878, is with effect from 1 February 2013.
HMIL, a wholly-owned subsidiary of Hyundai Motor Company, sells nine models across segments in the country.
