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Nissan to Increase vehicle prices from January by up to 4 percent

11 December, 2013
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Japanese auto significant Nissan said, will trek the costs of its vehicles, incorporating hatchback Micra and games utility vehicle Terrano in India, by up to 4 for every penny from one month from now with a specific end goal to balance the effect of rupee deterioration and raising enter fetches.

The organization, which is a present in the nation through a wholly-possessed subsidiary Nissan Motor India Pvt Ltd, said the value build running from 2 for every penny to 4 for every penny, will be adequate from January 2014.

Nissan to hike vehicle prices by up to 4% from January

"The price increase will impact the purchase price of premium hatchback Micra, sporty Micra Active, mid-sized sedan Sunny, MPV Evalia and newly launched SUV Terrano," the company said in a statement.

Remarking on the advancement Hover Automotive India (Nissan's National Sales Company) Acting Chief Operating Officer Richard D Spitzer said that despite the fact that the rupee circumstance appears to have stabilised, the higher swapping scale has affected expenses all-adjust, making cost increment certain.

"Inflation-led rise in input costs and raw materials costs also cannot be ignored at this point. The price increase is marginal and we assure our valued customers that we will continue to offer them them globally renowned products at affordable prices," he added.

In India, Nissan offers a reach of vehicles, incorporating hatchback Micra, average sized vehicle Sunny, Nissan Evalia (MPV), and recently started minimized SUV Terrano as well as SUV X-Trail.

These are estimated between Rs 4.9 lakh and Rs 26.96 lakh (ex-showroom, Delhi).

Prior without much fanfare, Tata MotorsBSE -2.57 % had reported to trek costs of its traveler vehicles by in the vicinity of 1 for every penny from one month from now.

A week ago, heading auto producers Maruti Suzukibse 0.55 % India and Hyundai had likewise declared to trek costs from January, joining any semblance of Mercedes, BMW, Audi and Honda.

Prior throughout the month, Honda Cars India Ltd had proclaimed to take a cost trek from first week of one month from now to halfway balance effect of unfavorable swapping scale and expansion.

By Abhishek
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