Login

Nissan hikes car prices

Nissan follows Mercedes-Benz and announces a price hike ranging from 2% to 4% on their cars. Nissan intends to sail through the trying times of rupee depreciation and escalating input costs with the price hike taking effect from January, 2014.
Calendar-icon

By Carandbike Team

clock-icon

1 mins read

Calendar-icon

Published on January 9, 2014

Follow us on

google-news-iconWhatsapp-icon
Story

Highlights

    We first heard from Mercedes-Benz about them hiking prices of their cars across their portfolio. Just a couple of days later Japanese car maker Nissan has announced a price hike.

    Nissan says that the hike is to minimize the impact of rupee depreciation and escalating input costs. The increase in the price ranges from 2% to 4% and will be effective from January 2014.

    Commenting on the price increase, Richard D Spitzer, Acting Chief Operating Officer (COO), Hover Automotive India (Nissan's National Sales Company) said "Although the rupee situation seems to have stabilized, 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."

    Nissan maintains that this is a marginal increase but an inevitable one. More car manufacturers are bound to follow suite and the announcements from others will come soon enough.

    Calendar-icon

    Last Updated on January 16, 2014


    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.

    Great Deals on Used Cars

    View All Used Cars

    Popular Nissan Models

    Explore More