New Delhi: Automaker Nissan Motor India on Wednesday said it will increase prices of its entire model range by up to 5 per cent from next month in order to offset the impact of high input costs.
The revised prices will be applicable across all available models for Nissan and Datsun, effective January 2020, Nissan Motor India said in a statement.
"In the current challenging market conditions, we are constrained to increase the price of all Nissan and Datsun models due to increased costs," Nissan Motor India Managing Director Rakesh Srivastava said.
Various companies, including Maruti Suzuki, Hyundai Motor India, Tata Motors have already announced to hike prices from January.
Luxury carmaker Mercedes-Benz India on Wednesday said it will increase prices of its entire product portfolio by up to 3 per cent from January in order to offset the impact of rising input costs.
The correction in price would be up to the quantum of 3 per cent, varying across the broad model range, the German luxury carmaker said in a statement.
"We have been reviewing the various cost escalations, including the rise in the commodity and input costs that have been exerting pressure on our bottom line.
To run a sustainable business and protect our customers' investment in the brand, there is a need to offset the impact of these rising costs through a moderate price correction," Mercedes-Benz India Managing Director & CEO Martin Schwenk said.
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