Nissan Motors, the latest entrant to the field of compact cars in India have finally announced an increase in the price of their small car, the Nissan Micra. The price hike is applicable for both the petrol and diesel models of the Nissan Micra starting from 11th April 2011. The price hike is maximum to the tune of 2% and the petrol version would have its price hiked by 0.5% (Rs 2,500) whereas the diesel one would have a price hike by 2% which amounts to Rs 11,170.
Since the Micra is a car which is manufactured by the Nissan Motors at their facility in Chennai, it has got a price hike. The other models from the company namely the Nissan 370Z, Nissan X-Trail or even the Nissan Teana benefit from being CBU units. MD and CEO of Nissan Motors India, Kiminobu Tokuyama said that the input cost has been steadily increasing over the years and as of now, the situation has become such that Nissan couldn’t stop it from percolating to the customers. This was the reason for the price hike.