In a bit to offset the rising manufacturing cost, several car manufacturers have announced to increase the prices of their entire product lineup. Now, Hyundai and Nissan Group of India too have announced a price increase across their complete model range in the country. While the Hyundai cars will get pricier by up to Rs 1 lakh, the quantum of increase for the Nissan and Datsun models is up to Rs 30,000. The revised prices will be effective from January 1, 2017.
Commenting on the price hike, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing said, “In these challenging year end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses. The proposed price increase will be up to Rs. 1,00,000 and will be effective from January 2017 across all models from Eon to Santa Fe.”
Mr. Arun Malhotra, Managing Director, Nissan Motor India Pvt. Ltd. said, “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.”
Talking about Nissan’s future plans, the Japanese carmaker is contemplating the introduction of the all-new Kicks compact SUV, X-Trail Hybrid, new-gen Micra hatchback and Sunny facelift in the next couple of years. On the other hand, Hyundai has scheduled to roll out several all-new and facelift models in 2017. The cars that the South Korean carmaker will introduce are – Grand i10 facelift, Elite i20 facelift, Ciaz facelift, Carlino and more.
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