Start of next year is not going to really happy at least for car buyers who are planning to own a new-year manufactured model.
Amidst almost all car buyers declaring a price hike on their cars, Nissan has also formally announced a rate revision starting next year. The price increase would be applicable to all car models including the latest launch Evalia MPV which was not the case during the last hike which happened not so long ago in November.
The reason given by Nissan for this step is “The price increase is being contemplated to offset the rising input costs and currency fluctuation prevailing in the Indian market. The revision of prices will soften the negative impact and help the company stay competitive.”
Though, the company has not shared the quantum of increase we expect it to be in the range of 2-5 percent based on the car model you purchase. So, if you are in the market delaying your car purchase, we suggest you buy it now. Companies are offering fat discounts, freebies and offers on their cars.
When the market is already going through a rough patch, how would these price increase impact car buyers’ intentions, remains to be seen.