Nissan to hike prices by up to Rs 30,000 from 1 January

New Delhi: Japanese carmaker Nissan today said it will increase prices of its vehicles by up to Rs 30,000 from next month to offset higher input costs. The prices of Nissan and Datsun models in the country will rise by up to Rs 30,000, effective January 2017, Nissan Motor India said in a statement.

 Nissan to hike prices by up to Rs 30,000 from 1 January

The Renault-Nissan hatchback 'Datsun Go.

"The price increase comes as a result of rising input costs. The revision of prices will help us offset the impact of this and maintain our competitiveness in the industry," Nissan Motor India Managing Director Arun Malhotra said.

The company sells a range of vehicles under the Nissan and Datsun brands starting with entry level small car Datsun Go priced at Rs 3.28 lakh to SUV Nissan Terrano Rs 13.75 lakh (ex-showroom Delhi).

Yesterday, Tata Motors had announced that it would hike passenger vehicle prices by Rs 5,000 to Rs 25,000 from next month in order to offset increased input costs.

Renault India has also announced plans to increase prices of its vehicles by up to 3 per cent from next month for the same reason.

Earlier, Toyota Kirloskar Motor (TKM) had announced hike in prices of its vehicles by up to 3 per cent from next month to offset increased input cost and consistent upward trend in foreign exchange rates.

Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.

Updated Date: Dec 13, 2016 13:30:53 IST