Nissan and Datsun now join the long list of manufactures that have increased the price hike of its entire line up of models from 1st January 2015. According to the Japanese make Nissan, prices of its entire range and Datsun models that they offer in India by up to INR 18,000 from next month. Prices of Nissan models to up by 2.5 percent while Datsun cars to be increased by 3 percent.
Nissan sells Micra active, Micra, Sunny, Evalia and Terrano in India priced between 4.19-12.49 lakh while Datsun only offer Go which cost at 3.12 lakh, all prices are ex-showroom Delhi. Datsun Go+ is next vehicle to join Nissan contingent which will be offered in 4 variants and it is less than 4 metres so it enjoys the excise duty advantage.
Nissan Motor India managing director Arun Malhotra said,” The prices of Nissan products will be increased by up to 2.5 per cent and Datsun up to 3 per cent. This translates into an increase of up to INR 11,000 on Datsun cars and up to INR 18,000 on Nissan range of vehicles.
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.” He added.
Nissan is not the only company to raise the prices earlier this week Maruti Suzuki has announced to increase the prices of entire range of cars by 2-4% from next month due to high input cost before that Maruti’s main rival Hyundai has announced price hike of its models up to 25,000.
German car luxury maker BMW has announced that it will raise prices of its products by up to 5 percent which will take effect from January 2015 followed by Mahindra & Mahindra and Tata which declared 1-2% price hike.
Automotive industry is going through a slowdown phase which we have seen during the bygone festive season in which sales figures were not up to the mark so in order to recover that manufactures are hiking prices.