Nissan India to hike prices from next month

Nissan India has announced a price increase across the range of vehicles on sale in India to minimise the impact of rupee depreciation and escalating input costs. The price increase ranging from two per cent to four per cent will be effective from January 2014. This will impact the purchase price of its premium hatchback Micra, sporty Micra Active, mid-sized sedan Sunny, MPV Evalia and the newly launched SUV Terrano.

Commenting on the price increase, Richard D Spitzer, acting chief operating officer (COO), Hover Automotive India said, “Although the rupee situation seems to have stabilised, the higher exchange rate has impacted costs all round, making the price increase inevitable. Inflation-led rise in input costs and raw materials 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 globally renowned products at affordable prices.”

Nissan India joins a host of other manufacturers across various segments that have all increased their prices to combat rupee depreciation and rising input costs.