Japanese based auto giant Nissan, has announced a price hike for its vehicles in the Indian market. The prices of selected models of automobiles have been increased citing the rise in input costs in terms of logistics and transportation, due to the increase in fuel prices.
According to reports, the prices of the recently launched Nissan Evalia multi utility vehicle will not be affected. The company will be raising the prices of its hatchback ‘Micra’ and mid-sized ‘Sunny’ sedan with effect from the month of November 1, 2012.
Nitish Tipnis the director of sales and adjustment at Hover Automotive India said, “The prices are being revised to partially offset appreciation in input and transportation costs. While all leading automobile companies raised prices earlier this year, we at Nissan absorbed rising input costs and held back the price hike.” Tipnis added that they have reached a stage where they had to make an adjustment.
The Japanese based company in India offers innovative and exciting products across the hatchback, SUV, and sedan segment. Three of its models are manufactured locally, including the Sunny, Micra and the newly launched Evalia. The sales of the company in India has doubled year-o-year to 33,000 units, as per the 2011 financial year records. Nissan also plans to increase its vehicle sales in the current financial year.