Nissan India To Hike Prices From January

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Japanese carmaker Nissan has announced that it will increase prices from the 1st of January up to INR 18,000 across its range in India.

Nissan range will have an increase of up to INR 18,000 and the Datsun range will have an increase of up to INR 11,000.

Arun Malhotra, the Managing Director of Nissan Motor India, said, "We have increased prices due to rising input costs, although we are confident Nissan and Datsun vehicles will continue to offer excellent value and choice to our customers. Despite recent high inflation, the outlook for the Indian economy is positive."

Other carmakers such as Maruti Suzuki, Hyundai, BMW, GM and Tata Motors have also increased prices across their range from next month onwards.

Utility vehicle manufacturer Mahindra had increased prices for a few vehicles earlier this year.

Automobile manufacturers in India had not increased prices for a long time because sales were low. The car sales saw a little increase when the government slashed excise duty prices.

Now since the cost of manufacturing has gone up in terms of raw materials and other input costs, manufacturers have no other go but to increase vehicle cost as well in order to make a profit.

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Story first published: Thursday, December 18, 2014, 11:57 [IST]
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