Carlos Ghosn, CEO of Renault and Nissan
Japanese carmaker Nissan on Tuesday said that 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.
"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).
On Monday, 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.