Nissan Magnite To Get Its Third Price Hike In April

Nissan India has announced it will hike prices of all its models in India, w.e.f April 2021. The hike will affect all Datsun and Nissan models, but the margin of increase will differ depending on the variant. The carmaker has blamed continuous escalation in the prices of auto components for the price hike.

Besides the Datsun redi-GO and Nissan Kicks, this move will also affect the recently launched Magnite, which has already seen two price hikes since its debut in December 2020. The first hike had only affected its base variant, increasing its starting price by Rs 50,000. The second hike of Rs 30,000 was on its turbo-petrol variants. This time around, the surge could apply to the Magnite’s non-turbo variants, which haven’t seen any change in price since launch. 

Rakesh Srivastava, MD, Nissan Motor India Pvt. Ltd., said, “There has been 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 & Datsun models, the increase varies from variant to variant, while still offering the best value proposition to its discerning Indian customers.”

Nissan’s India lineup consists of the Kicks and Magnite. The Datsun cars to be affected by the price hike are the redi-GO, GO, and GO+.