Nissan hikes prices across models by up to 3.5%
Japanese carmaker Nissan has hiked prices of its entire range in India by up to 4% on account of new levies announced in Union Budget 2016-17.business Updated: Mar 06, 2016 14:33 IST
Japanese carmaker Nissan has hiked prices of its entire range in India by up to 3.5% on account of new levies announced in Union Budget 2016-17.
“The increase in prices is in the range of 1-3.5% across models,” a company spokesperson told PTI.
He said the company has raised prices of Datsun models by 1% and that of diesel models, including Terrano and mid sized sedan Sunny, by 3.25-3.5%.
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 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.
The government has decided to impose 2.5% 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% on the value of the car.
These are over and above a cess of 1% 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% on purchase of luxury cars exceeding value of Rs 10 lakh.