"We have increased prices due to rising input costs, although we are confident Nissan and Datsun vehicles will continue to offer excellent value and choice to our customers," Nissan Motor India Managing Director Arun Malhotra said.
The move comes in the wake of Nissan‘s decision to focus on its locally-manufactured models.
Here is a list of the announcements that have come from various auto companies and a look at how cheap their bikes and cars are expected to get, as a result of the excise duty.
Nissan launched the refreshed version of its hatchback Micra on Wednesday. The new Micra is priced at Rs 4.7 lakh and will compete with other premium compact cars. The Micra Active, which will target the more value customers, is priced at Rs 3.50 lakh.
After the biggies, Nissan India today said it is planning to increase prices across all its vehicle models from January. "The price increase is being contemplated to offset the rising input costs and currency fluctuation," the Japanese auto major said in a statement, without disclosing the quantum of increase.
Nissan recently launched its MPV, Evalia. CNBC-TV18's show for auto enthusiast Overdrive reviewed the Evalia and came across with a list of positive points. But can this offering from Nissan compete with the reigning king of the Indian MPV market, Toyota Innova?
Japanese auto major Nissan Motor, which forayed into the Indian multi-utility vehicle segment by rolling its first seven-seater MPV 'Evalia' here today, is eying to double its sales this year.
Tokyo-based Nissan is preparing for the 2012 launch of Evalia that will be made in partnership with India‘s Ashok Leyland.