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Nissan has announced price increase across the range of vehicles on sale in India to minimize the impact of rupee depreciation and escalating input costs.
The price increase ranging from 2% to 4%, will be effective from January 2014, the Japanese car maker has said.
The increase will impact the purchase price of its hatchback Micra, the Micra Active, mid-sized sedan Sunny, MPV Evalia and newly launched SUV Terrano.
Richard D Spitzer, Acting COO, Hover Automotive India (Nissan’s National Sales Company) said “Although the rupee situation seems to have stabilized, the higher exchange rate has impacted costs all round, making price increase inevitable. Inflation-led rise in input costs and raw materials costs also cannot be ignored at this point.”
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