Nissan Motors India to increase prices of cars from November

Nissan Motors India to increase prices of cars from November 2012

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In an official statement, Nissan Motor India has announced that the company will increase the price of some of its models so as to negate input costs. The blame for the price rise, according to the statement lies of increase in logistics and transportation costs due to soaring fuel prices.

The company will increase the prices of the Micra hatchback and Sunny sedan from 1st September 2012. The price for the Evalia MPV will remain unchanged though.

Commenting on the price increase, Mr. Nitish Tipnis, Director – Sales & Marketing, Hover Automotive India said, “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. Although we have now reached the stage where we have to make an adjustment, I can assure all customers that both Micra and Sunny will continue to represent outstanding value within the market.”

Nissan’s year-on-year sales in India more than doubled to 33,000 units in FY2011 and it plans to continue the twofold increase in sales in the current financial year, to achieve its target of 100,000 units by 2013. To support the sales growth, Nissan is aggressively expanding its dealer network from 75 dealers at present to 95 dealers by end of the current financial year.

 

 

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