Nissan India, the Indian subsidiary of the Japanese car manufacturer Nissan has announced a price hike with effect from January 2013. The price hike will be implemented across all its car products in India in order to offset the rising input costs and the losses due to currency fluctuations. The carmaker expects the price hike to reduce the negative impact of the rising costs.
The Japanese automobile manufacturer has already increased car prices in November 2012 and another hike was not expected so soon. Currently, the carmaker sells three locally produced car models in India namely the Micra hatchback, the Sunny mid-size sedan and the Evalia multi-utility vehicle.
Nissan India is among many other automakers in India who have announced price hikes with effect from January 2013. While most of them have stated the rising input costs and currency fluctuations to be the reason for the price hike, it is being speculated that another motive could be to clear out the inventory manufacturer in 2012.
