Japanese auto major Nissan has slashed the prices of automatic transmission variant of its premium hatchback Micra in India by up to Rs 54,252 on the back of increased parts localization.

The Micra CVT Automatic XL variant which was priced at Rs 6,53,252 will now be available at Rs 5,99,000, a reduction of Rs 54,252. Similarly, the Micra Automatic CVT XV will now cost Rs 6,73,500 as against its earlier price of Rs 7,19,213 lakh, a drop of Rs 45,713 (all prices ex-showroom Delhi).

Commenting on the development, Nissan Motor India Managing Director Arun Malhotra said: "As Micra is produced right here in India, we are able to better serve the market in terms of faster, more efficient delivery and improved localization levels. This allows us to pass on these benefits to our customers in the form of a revised, even more competitive price for our popular premium hatchback."

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By M. Divya Shri