Japanese auto manufacturer Nissan India has also now joined the list of automakers that have hiked the price of their vehicles in the Indian market. Nisan said that it has hiked the prices for three of its popular models in the country, which include the Micra, Evalia and Sunny.
The Micra hatchback will be dearer by 1.5 percent, while the mid-sized sedan Sunny will be up by 2 percent. The recently launched MPV Evalia will also be costlier by 2.5 percent. The price hike will be applied to all the variants of the models which have been mentioned by the company.
Nitish Tipnis, the director of sales and marketing of Hover Automotive India said, “The price rise, which we have held back for several months, is to offset rising input costs and also ease the impact of currency fluctuation. Although we have to make this adjustment, our cars continue to represent outstanding value for our customers within the Indian market.” The automakers in India these days are on a price hiking spree due to various reasons. One of the major reasons for the rise in prices is the fluctuation of the rupee, as well as higher input costs.