Japanese-based auto giant Nissan India said that it is planning to increase the prices of its vehicles across models in the Asian country. The company released a statement recently which disclosed its decision to increase the prices of its units.
Nissan said in a statement, “The price increase is being contemplated to offset the rising input costs and currency fluctuation”. However, the company did not mention any specific reasons for the price hike. Nissan sells three models which are assembled locally; these include the Micra hatchback, Sunny sedan and the Evalia multipurpose vehicle.
On the other hand, other auto majors such as Maruti Suzuki, Mahindra, Toyota and General Motors have already announced price hikes for their vehicles from between one percent to three percent from January 2013, despite the fact that most of them are facing a downfall in sales.
In 2012, despite the festive season, the overall car sales for manufacturers fell over 8 percent in the month of November. Even Maruti Suzuki, said that it will effect a 1.3 percent spike in prices from the month of January, 2013. Mahindra and Mahindra, as well as luxury car maker Mercedes Benz said that they will increase their prices effectively from the month of January, 2013. However, Tata Motors is the only auto maker which has offered discounts across all its vehicles in the country.