Nissan reduces vehicle prices by up to 6 pc

Tags: Nissan, Cars
Nissan Motor India has slashed the prices of its vehicles by up to 6% from February 18 following a cut in the excise duty announced in the interim Budget.

"The price reduction by Nissan is in the range of 4 to 6% and will apply to Micra Active, Micra, Sunny, Evalia, Terrano and Teana," Nissan Motor India said in a release issued here today.

Stating that the reduction in excise duty is a welcome move towards the revival of the domestic automobile industry, Nissan Motor India president Kenichiro Yomura said, "We at Nissan are happy to pass 100% of the tax benefits to our customers."

The company is confident that this (excise duty cut) will make its products more accessible and drive growth across the range.

Nissan sells a range of car models, priced between Rs 3.5 lakh and Rs 25.47 lakh (ex-showroom Delhi).

Finance Minister P Chidambaram had announced reduction in excise duty on small car, motorcycles, scooter and commercial vehicles to 8% from 12%, and on SUVs to 24% from 30%.

Large cars also saw excise reduction to 24% from 27% earlier and mid sized cars to 20% from 24%.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture