Nissan India to hike prices across range by Rs 30,000
The price rise will be across Nissan India and Datsun's portfolio.
Nissan India will be hiking prices across its portfolio in the country to offset a rise in input costs, the company said in a press release.
The statement said that prices will be hiked by Rs 30,000 from January 2016. The price rise will be effected on Nissan and Datsun's 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,” Arun Malhotra, Managing Director, Nissan Motor India, said.
The announcement comes a day after Tata Motors announced that prices of its models will be hiked by Rs 25,000 from January 1 due to higher input cost. "The increase in prices of raw material commodities like steel, aluminium, copper and rubber over a period of time has put a lot of pressure on us and as a result, we are forced to hike prices of our passenger vehicles," Tata Motors President (passenger vehicle business) Mayank Pareek said, according to PTI.
Renault India and Toyota Kirloskar Motor has also announced a hike in prices of its vehicles. Both said their cars will be dearer by 3% from January.