Nissan hikes prices across models by up to 3.5 pc

Nissan-reuters (File) Japanese carmaker Nissan has hiked prices of its models | Reuters

Japanese carmaker Nissan has hiked prices of its entire range in India by up to 4 per cent on account of new levies announced in Union Budget 2016-17.

"The increase in prices is in the range of 1-3.5 per cent across models," a company spokesperson told PTI.

Elaborating further, the spokesperson said the company has raised prices of Datsun models by 1 per cent and that of diesel models, including Terrano and mid sized sedan Sunny, by 3.25-3.5 per cent.

Nissan Motor India, a wholly-owned subsidiary of Nissan Motor Co, sells a range of vehicles from entry-level model Micra Active to SUV Terrano priced between Rs 4.47 lakh and Rs 13.20 lakh.

Datsun range of vehicles include the entry-level small-car Datsun Go and multi-purpose vehicle Datsun Go Plus which are priced between Rs 3.23 lakh and Rs 4.78 lakh (all prices ex-showroom Delhi). Already, a host of automakers including Maruti Suzuki India and Tata Motors have announced increase in vehicle prices.

Last week Hyundai, Mahindra and Honda Cars announced price hikes of up to Rs 82,906 across their entire product range.

Earlier, Maruti Suzuki had hiked prices of its vehicles across models in the range of Rs 1,441 to Rs 34,494 in order to offset the impact of infrastructure cess proposed in Budget 2016-17.

German luxury carmaker Mercedes-Benz and Tata Motors have also announced to raise prices of their entire product portfolios.

While Mercedes has announced to hike prices by up to Rs 5 lakh from March 15, Tata Motors has raised prices of passenger vehicles in the range of Rs 2,000 and Rs 35,000.

The government has decided to impose 2.5 per cent cess on diesel vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,500cc while higher engine capacity and SUVs and bigger sedans were slapped with a cess of 4 per cent on the value of the car.

These are over and above a cess of 1 per cent on petrol/ LPG/CNG driven vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,200cc.

Finance Minister Arun Jaitley also proposed to collect tax at source at the rate of 1 per cent on purchase of luxury cars exceeding value of Rs 10 lakh.

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