Nissan and Renault announced car prices increase from 1 April
Renault and Nissan India both automakers are set to increase the prices of their vehicles, effective starting next month. From the next financial year, starting April 1, 2021, Renault and Nissan vehicles manufactured in India will get a price increase. Both carmakers have announced a price hike for their vehicles due to the steadily rising costs of auto components. The companies, however, didn’t share the exact details of the price rise it intends to take from next month. The price hike will vary between different models and variants.
This is the second price escalation by the brands in the year 2021. In the Indian auto sector, the first hike took place earlier this year in January, when all automakers hiked prices for their cars. India’s largest car manufacturer Maruti Suzuki also announced a price hike from April 2021.
Renault India to increase prices across the model range
Renault’s India product line up consists of the Kwid, Triber, Duster and the recently launched Kiger SUV. The French carmaker, Renault is gearing up to increase prices of all its offerings in our market, which will come into effect from 1 April 2021. The quantum of the hike would vary across variants and models.
As per the company, the prices of the products have been increased due to the rising input costs across the spectrum, including input costs for steel, aluminium, and plastics. In Jan 2021, Renault models saw prices rise by around Rs 28,000. However, Renault has issued benefits worth Rs 70,000 on the Triber, Rs 60,000 on the Kwid and around Rs 1 lakh worth of benefits with the Duster SUV.
Nissan vehicles to get expensive from April 2021
Nissan’s India product line up consists of the Magnite and Kicks SUVs along with the Redi-Go, Go and Go+ models from the Datsun brand. Nissan India has announced that it will hike the prices of its vehicles from April 2021. At this point, Nissan has not yet revealed the price increment it plans to implement for its models.
Rakesh Srivastava, Managing Director, Nissan Motor India Pvt Ltd. said, “There has been a continuous escalation in auto component prices, and we have tried to absorb this escalation over the last few months. We are now constrained to increase our prices across all Nissan and Datsun models, the increase varies from variant to variant, while still offering the best value proposition to its discerning Indian customers.”
Interestingly, the Nissan Magnite’s prices were recently increased by Rs 30,000 for all the turbo-petrol variants. Nissan is currently offering benefits and discounts of up to Rs 95,000 on the Kicks SUV in March 2021.