Nissan reduces vehicle prices by up to 6%

A cut in the excise duty was announced in the interim Budget

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%.