Nissan Motor to hike Micra, Sunny prices from Nov 1
Passenger car maker Nissan Motor India on Tuesday said it will increase prices of its Micra hatchback and mid-size Sunny sedan from November 1, to counter a sharp increase in logistics and transportation costs, apart from rising input costs.
October 23, 2012 / 20:24 IST
Moneycontrol Bureau
Passenger car maker Nissan Motor India on Tuesday said it will increase prices of its Micra hatchback and mid-size Sunny sedan from November 1, to counter a sharp increase in logistics and transportation costs, apart from rising input costs.While the prices of Micra and Sunny, both of which are made in India, will go up, the company said it is not raising price of its recently launched made in India multi-utility vehicle Evalia."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...We have now reached the stage where we have to make an adjustment," said Nitish Tipnis, director - sales & marketing at Hover Automotive India, the national sales company of Nissan in India. Several automakers, including India's largest passenger car maker Maruti Suzuki, Hyundai Motor, General Motors and Honda had announced a price hike earlier this month.Meanwhile, Nissan said it hopes to continue to double sales in India to achieve its target of 1 lakh units by 2013.It plans to add 20 dealers to increase its total network to 95 dealers by the end of the current financial year, to support the sales growth, it said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
