Nissan India car price hike of 2-4% from January 2014

Nissan joins other automakers in India by announcing a price hike across range which will come into effect from January 2014. Nissan has stated that this price increase will be marginal, will range from 2% to 4% and will impact prices of Micra, Micra Active, Sunny sedan, Evalia MPV and the recently launched Terrano SUV.

Nissan-Terrano

Price hikes are inevitable considering the adverse impact of rupee depreciation which has resulted in increased input costs. Despite the fact that the rupee situation has stabilized, higher exchange rates have impacted costs which has also led to higher prices of raw materials.

Nissan India has stated that considering customer’s sentiments all products, though with price revisions will be kept within affordable limits. The companies had been absorbing these added costs for some months now, but have decided to pass on a share of the costs to customers.

Earlier Maruti Suzuki, Hyundai Motors, Tata Motors, BMW, Mercedes-Benz, and Audi India announced price hikes from January 2014.

Richard D Spitzer, Acting Chief Operating Officer (COO), Hover Automotive India (Nissan’s National Sales Company) said “Although the rupee situation seems to have stabilized, the higher exchange rate has impacted costs all-round, making price increase inevitable. 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 globally renowned products at affordable prices.”