Nissan Motor India Private Ltd (NMIPL),the car maker on Monday has announced a hike in its small car Micra due to the increasing input costs.The hike will be up to Rs.11,170.The prices of the petrol version of Micra ranges between Rs 4.06 lacs and Rs 4.36 lacs and similarly the Micra-Diesel car ranges between Rs 5.59 lacs and Rs 6.05 lacs in the existing ex-showroom, Delhi.
The company has informed that,”The hike will be applicable to both petrol and diesel versions and will be in the range of Rs 2,500 (0.5 per cent) to Rs 11,170 (2 per cent)”.It added that the company, however, did not raise the prices of its imported models such as sports utility vehicle X-Trail, luxury sedan Teana and sports car 370Z.
The CEO and Managing Director of Nissan Motor India,Mr.Kiminobu Tokuyama revealed,”There has been a steady increase in the input cost over a period of time. It has come to a situation now that the price hike is inevitable and we have decided to increase the price of Micra.”
In order to compete the rising input costs, almost all the major carmakers have raised the costs of its products.Maruti Suzuki,India’s largest carmaker hiked its price up to Rs.9,000 for all its models and Mahindra and Mahindra auto major hiked up to Rs.15,000.Similarly,Tata Motors increased up to Rs.36,000 which had already become effective from April 1 onwards.Following all these activities,Hyundai Motor India is planning to take this similar step.