Nissan too plans to up prices from Jan
   
Quotes

Nissan too plans to up prices from Jan

Last Updated: Thursday, December 13, 2012, 14:47
 
 Comment 0
 
Nissan too plans to up prices from Jan
Mumbai: 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 sells just three locally assembled models--the Micra hatchback, the Sunny sedan and the Evalia multipurpose vehicle.

Domestic major like Maruti Suzuki, Mahindras and Toyota, and General Motors, among others, have already announced price hikes to the tune of one to three per cent from January, even though most of them are facing sales degrowth.

Despite festive sales, the overall car sales fell over 8 percent in November, according to industry body Siam data. Earlier this month, the market leader Maruti said it will effect 1-3 percent spike in prices from January.

The largest utility vehicle maker Mahindra & Mahindra and premium car maker Mercedes Benz also said they will hike prices effective from January.

The German luxury car maker BMW had said it would increase prices by 10 percent on some of the products from January. Audi India too has followed suit by announcing a price hike up to 5 percent.

PTI



First Published: Thursday, December 13, 2012, 14:47


Comments


comments powered by Disqus
Ford Figo Aspire
Ford Figo Aspire
Samsung Galaxy S6 Edge Plus, Note 5
Samsung Galaxy S6 Edge Plus, Note 5
Maruti Suzuki S-Cross
Maruti Suzuki S-Cross
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved