Nissan Motor India has reportedly finalised a hike in the prices of small car Micra and the petrol version of premium sedan Sunny by up to 2 per cent from January, mainly due to devaluation of rupee. Prices of the Sunny diesel variant will not be increased, as it was launched yesterday only.
“The company is suffering from the falling rupee and rising yen. The input costs for the company are also rising. For protecting its margins, the company will hike the prices of the Micra and Sunny petrol by 0.5-2 per cent from January 1,” a source said.
The prices of the petrol and diesel variants of the Micra vary between Rs 4.11 lakh and Rs 6.17 lakh. The company sells the petrol variant of Sunny at Rs 5.78 lakh-Rs 7.68 lakh. All the prices are ex-showroom, Delhi.
The country’s second-largest car-maker, Hyundai Motor India, will raise the prices of its vehicles by 1.5-2 per cent from January next year.
Ford India also said it will raise prices of its entire range of models by 2-3 per cent from next month.
General Motors India has announced that it will raise prices by 1-2 per cent from January next year. It also will hike the price of its Beat diesel model by Rs 15,000 from next month.
Toyota Kirloskar Motor, too, had announced that a price hike of 1.5-3 per cent across models manufactured in India from January 1, 2012. Other car-makers, including Maruti Suzuki India, are also mulling a price hike to offset rising input costs.
