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%

RELATED ARTICLES

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E-mail ID will not be published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

  • Sebi’s proposal to bring clarity to merger moves is a welcome step

    Market regulator Sebi is reportedly planning changes in rules governing merger and acquisition of companies in India.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Prosperity mantra across the ages

The economic prosperity of a nation rests upon its ability ...

Kuruvilla Pandikattu SJ

Can we pop a pill for compassion?

Can altering brain chemistry make us more sensitive to inequality? ...

Gautam Gupta

Fashion forward for e-commerce industry?

Looks like the e-commerce industry is taking a leaf out ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture