HomeNewsTata Motors, Nissan to hike car prices from April 1

Tata Motors, Nissan to hike car prices from April 1

Both car makers have pointed to rising input cost for the decision and said that the revised price will be implemented from April 1.

Tata Motors and Nissan have announced that they will increase prices of their cars. While Tata Motors said that it will increase prices by up to Rs 60,000, Nissan has decided to up prices by up to 2 percent.

Both carmakers have pointed to rising input cost for the decision and said that the revised price will be implemented from April 1.

“The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase,” Tata Motors President, Passenger Vehicle Business, Mayank Pareek was quoted as saying.

Tata sells a range of cars from Tata Nano priced at around Rs 2.28 lakh to Rs 17.42 lakh (ex-showroom-Delhi) SUV Hexa.

Nissan sells Micra, Sunny and the Terrano in India which are priced between Rs 4,64,000 and Rs 1.45 million. Under Datsun models, it sells GO, GO+ and redi-GO which are priced between Rs 2,49,000 and Rs 5,12,000 (all prices ex-showroom Delhi).

Earlier, Audi too announced its decision to increase the prices of its cars by up to Rs 9 lakh to pass on the impact of the increase in customs duty.

In the 2018-19 Budget, the government has increased customs duty on completely knocked down imports of motor vehicles, motor cars, motorcycles from 10% to 15%.

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