Nissan Motor India has also increased prices of its cars followed by Tata, Maruti and Mahindra.
Nissan has hiked prices of its small car Micra by up to Rs. 11,170 with immediate effect to offset the pressure of rising input costs. The hike will be applicable to both petrol and diesel versions and will be in the range of Rs. 2,500 to Rs. 11,170.
The Micra prices increased once after launch and the current prices were between Rs. 4.06 lakh and Rs 4.36 lakh, while the diesel car is available for Rs 5.59 lakh-Rs 6.05 lakh.
The company, however, did not raise the prices of its imported models such as sports utility vehicle X-Trail, luxury sedan Teana and sports car 370Z.
Commenting on the development, Nissan Motor India Managing Director and CEO Kiminobu Tokuyama said: “There has been a steady increase in the input cost over a period of time. It has come to a situation now that the price hike is inevitable and we have decided to increase the price of Micra.”