Nissan India, the Indian arm of the Japanese automobile manufacturer Nissan has announced its decision to raise prices on its car portfolio in India from the month of January 2014. The reasons for the price hike have been stated as the rising input costs and the depreciation of the Indian Rupee.
The price hike by the Japanese automaker is expected to be in the range of 2-4 percent and will come into effect from January 2013. Mr. Richard D Spitzer, Acting Chief Operating officer (COO) Nissan India commented on the development stating that the higher exchange rate of the Indian rupee has made a significant dent in the overall costs of the carmaker and hence the price hike was inevitable in order to offset the cost based losses and partially share the additional burden with the customers.
Mr. Spitzer also stated that the inflation in Indian has further driven up the input costs and the cost of raw material and a price correction and hike was in order.
Nissan India has recently in December 2013 announced its online car sales option for customers to buy cars online and get delivery from the nearest dealership. The booking and sales of cars online can be done using a credit card on the website.
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