Following suit other carmakers, Nissan Group of India has announced that the prices of Nissan and Datsun vehicles in the country will see a hike owing to the increasing input cost. The price hike will be effective from January 2017.
The quantum of the price hike will be by up to Rs 30,000, depending on the model. While Nissan India retails Micra, Micra Active, Sunny, Terrano and the iconic GT-R in the country, Datsun--the low-cost brand of the company --has GO hatchback, GO+ MPV and redi-GO small car in its India portfolio.
"The price increase comes as a result of rising input costs. The revision of prices will help us offset the impact of this and maintain our competitiveness in the industry," said Arun Malhotra, Managing Director, Nissan Motor India Pvt. Ltd. announcing the price hike.
In India, carmakers like Toyota, Renault and Tata have also announced the increase in the vehicle prices. While the Toyota Kirloskar Motor hiked the prices by up to 3 percent, Tata increased the prices of its passenger vehicles starting from Rs 5,000 up to Rs 25,000, depending on the model. Renault India has not mentioned the exact range of price increase but confirmed they could go up by up to 3 percent. The price hike bandwagon is expected to be joined by other carmakers soon in India.