Nissan Motors India has officially announced to increase the prices of its cars from January 2014. The Japanese automaker will hike the prices by two to four percent throughout its model range including Micra, Micra-Active, Sunny, Evalia and recently launched 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".
Before Nissan Motors, almost every other auto manufacturer in the country including Maruti Suzuki, Honda and Hyundai have announced a price hike on their cars ranging from one to ten percent. Rising input costs, declining sales and depreciating value of Rupee have been the major factors behind this price revision.