Nissan has announced a decision to increase the prices of its some of its models sold in India. The price hike will vary from two to four percent across its product range. According to Nissan officials, the decision to increase prices was taken to minimise the impact of rupee depreciation and escalating input costs. The new prices will come into effect from January 2014. Nissan’s offerings in India such as the Micra hatchback, the Micra Active, Sunny sedan, the Evalia MPV and the new Terrano SUV will see a price increase.
“Although the rupee situation seems to have stabilised, 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,” said Richard D Spitzer, Acting Chief Operating Officer (COO), Hover Automotive India (Nissan’s National Sales Company).