Nissan to raise price of its vehicles to minimize impact of rupee depreciation

MUMBAI:  Nissan on Tuesday announced price increase across the

range of vehicles on sale in India to minimize the impact of rupee depreciation and escalating input costs.

The price increase ranging from 2% to 4%, will be effective from January 2014.

The price increase will impact the purchase price of its premium hatchback Micra, sporty Micra Active, mid-sized sedan Sunny, MPV Evalia and newly launched SUV Terrano.

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. The price increase is marginal and we assure our valued customers that we will continue to offer them globally renowned products at affordable prices.”

Nissan delivers cutting-edge technology, distinctive design and a rewarding experience to all its customers. In India, Nissan has been constantly expanding its innovative and exciting product range across hatchback, sports car, MUV, SUV and sedan segments.