Japanese manufacturer Nissan and its subsidiary, Datsun, has announced hike in prices of their models, up to 3% from January 2016 in India. The increase in price will depend on individual models, and will range from 1% to 3%.
"The price increase is to offset the rising input costs. The revision of prices will soften the negative impact and help the company stay competitive," said Arun Malhotra, Managing Director, Nissan Motor India Pvt Ltd said.
According to the Society of Indian Automobile Manufacturers (SIAM), Nissan group registered a 23.9% drop in domestic sales to 19,563 cars during the first half of FY 2015-16 compared to the 25,739 cars in the same period last financial year.
Nissan India is currently selling Micra, Sunny and Nissan Terrano SUV in the country. The Datsun sells Go hatchback and Go+ MPV. The company is all set to re-launch the new generation Nissan X-Trail SUV at the Auto Expo 2016. Datsun is expected to bring redi-Go hatchback and Go-Cross for the show. All these new models, streamlined for 2016, are expected to create positive impact in the sales for the company.
Nissan and Datsun will be joining other companies such as Maruti Suzuki, Hyundai Motor India Limited, Toyota Kirloksar Motors, General Motors India, BMW India, and Mercedes-Benz India, who also announced price hike from January 2016.