The Indian market is getting high inflation because of the falling Rupee price and hence the input cost for the imported material is increasing. This hike in price has forced many sectors to add cost to their products and the most effective product is cars. Most of the car manufacturing companies have increased the price of their cars and hence the announcement is coming from various companies of price hike. The famous manufacturers like Maruti Suzuki, Mahindra and Hyundai have already informed about it now the Japanese automaker Nissan and its subsidiary Datsun have announced up to 3% price hike for the cars offered by them.
The Nissan products will get up to 2.5% price hike and hence will cost around INR 11,000 more and its child company Datsun will cost around INR 18,000 higher with 3% price hike. Although Datsun has just Go hatchback in the Indian market while Go+ MPV scheduled to be launched in early 2015; it's sub-4 meter MPV and was demoed at the Delhi Auto Show 2014. However, it's expected to priced under INR 5 Lac even after the price hike. Also, all these price hikes will be effective from January 2015.
Mr. Arun Malhotra, Managing Director, Nissan Motor India Pvt Ltd said “ We have increased prices due to rising input costs, although we are confident Nissan and Datsun vehicles will continue to offer excellent value and choice to our customers. Despite recent high inflation, the outlook for the Indian economy is positive.”
