10 DECEMBER 2013 | GENERAL

MUMBAI, December 10, 2013 - Nissan today announced price increase across the range of vehicles on sale in India to minimize the impact of rupee depreciation and escalating input costs. The price increase ranging from 2% to 4%, will be effective from January 2014.

The price increase will impact the purchase price of its premium hatchback Micra, sporty Micra Active, mid-sized sedan Sunny, MPV Evalia and newly launched SUV Terrano.

Commenting on the price increase, Richard D Spitzer, Acting Chief Operating Officer (COO), Hover Automotive India (Nissan’s National Sales Company) said “Although the rupee situation seems to have stabilized, the higher exchange rate has impacted costs all-round, making price increase inevitable. Inflation-led rise in input costs and raw materials costs also cannot be ignored at this point. The price increase is marginal and we assure our valued customers that we will continue to offer them globally renowned products at affordable prices.”

Nissan delivers cutting-edge technology, distinctive design and a rewarding experience to all its customers. In India, Nissan has been constantly expanding its innovative and exciting product range across hatchback, sports car, MUV, SUV and sedan segments.

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About Nissan Motor India Pvt. Ltd.

Nissan Motor India Private Ltd. (NMIPL) is a 100% subsidiary of Nissan Motor Co. Ltd. Japan. The company was incorporated in 2005 and offers innovative and exciting products across hatchback, sports, SUV and sedan segments in India. Nissan together with its global alliance partner Renault set up a manufacturing plant and a Research & Development Centre near Chennai. Nissan has appointed Hover Automotive India Pvt. Ltd. as a sole distributor for India to handle sales and marketing, dealer development, customer relationship, management and after sales. NMIPL registered sales of 36,975 units in FY 2012. For more information, visit www.nissan.in.

About Hover Automotive India

Hover Automotive India (HAI) is the national sales company (NSC) of Nissan Motor Co. Ltd (NML), Japan acting as the sole and exclusive distributor for managing the marketing, sales, after-sales service, training & dealer development functions for the entire territory of India. HAI functions as an independent company to accelerate the sales and build customer touch points across India for the Nissan brand of vehicles.

HAI was formed by three global entrepreneurs. Mr. Moez Mangalji, proprietor of global hospitality chain Westmont Group, Mr. G.M. Singh, founder and Chairman of the Mumbai based GMS group and Mr. Kevin Whalen, founding member of the US based fortune 500 company ‘Group One Automotive.’ Together, these eminent entrepreneurs form HAI’s board of directors and bring with them world class expertise of aligning with global brands to deliver unmatched speed to market and unparalleled customer service. For more details visit: www.hai.net.in

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Vijayendra Vikram Singh / Ms. Ghazal Javed
Nissan Motor India Pvt. Ltd.

Tel : +91-22-66208876 Mobile : +91-98199-31183 / 90110-39033
Email: vijayendra.vikram@email.nissan.in / ghazal.javed@email.nissan.in

Ms. Meena Nichani
Hover Automotive Pvt. Ltd.

Mobile: +91-9833252117
Email: Meena.NICHANI@HAI.NET.IN

Mr. Mayur Shah / Mr. Gaurav Bhat
Adfactors PR Pvt. Ltd.

Tel: +91-22-67574444 Mobile: +91-98201-49769 / 98330-57592
Email mayur.shah@adfactorspr.com / gaurav.bhat@adfactorspr.com

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