Nissan India to hike prices by 3% from January 2016
The price increase is to offset the rising input costs.The revision of prices will soften the negative impact and help the company stay competitive, says the managing director of Nissan Motor India.
Nissan India on Saturday announced a hike in its vehicle prices across its range and the Datsun range to minimise the impact of escalating input costs.
The prices of all Nissan and Datsun models in the country will rise by up to 3%, and will be effective in January 2016, the company said in a statement.
Nissan India joins the long list of carmakers that have decided to hike prices come January, to take stock of increasing input cost and unfavourable foreign exchange fluctuations.
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"The price increase is to offset the rising input costs. The revision of prices will soften the negative impact and help the company stay competitive,” said Arun Malhotra, Managing Director, Nissan Motor India Pvt Ltd (NMIPL) in a statement.
Nissan Motor India is a 100% subsidiary of Nissan Motor Co Ltd, Japan.