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Nissan Motor India, a subsidiary of auto maker Nissan Motor Co., plans to hike vehicle prices of all its models, effective January 1, 2013.
The price increase is being contemplated to offset the rising input costs and currency fluctuation prevailing in the Indian market. The revision of prices will soften the negative impact and help the company stay competitive, it said in a statement.
The company, which has six models including the newly launched Evalia, is also planning to launch 10 new models in India by mid-2017. The company has three locally produced models — Micra, Sunny and Evalia.
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