Nissan Magnite Compact SUV Price Revealed (2024)

Nissan India has declared that starting in January 2024, the Nissan Magnite compact SUV price will increase. It is well known that rising input costs and inflation are the causes of the price increase. The precise percentage of the price increase is still unknown. To counteract this, Nissan India is now offering several discounts on the Magnite before the small SUV’s price goes up in January 2024. Nissan Magnite offers savings of up to Rs 97,550, along with extras like finance offers, cash discounts, exchange bonuses, accessories, and business discounts. Depending on the area, these savings change across the nation.

Nissan Magnite compact SUV Price Features are special

Engine: The 1.0-liter, three-cylinder naturally aspirated petrol engine and the 1.0-liter, three-cylinder turbocharged petrol engine are the two engine options offered by Nissan for the Magnite. The turbocharged gasoline engine generates 99 horsepower and 160 Nm of torque, while the naturally aspirated engine generates 71 horsepower and 96 Nm of torque.

Features: Regarding features, the Magnite small SUV has a 7-inch digital instrument panel, an 8-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay, and automatic air conditioning with rear vents. With the XV and XV Premium trims, there’s also a Tech Pack that comes with extra features like ambient lighting, JBL speakers, puddle lamps, wireless phone charging, and air purification.

Price: On December 2, Nissan India introduced the Nissan Magnite, a 4-meter compact SUV with a starting price of Rs 4.99 lakh, to the Indian market. The top model of this vehicle costs Rs 9.35 lakh. The base Nissan Magnite variant will now cost Rs 5.54 lakh (ex-showroom) as of January 1, 2021. Since the company has not yet disclosed the specifics of each variant’s price, it is anticipated that a new price list for each will be released in the coming days, at which point consumers will be able to ascertain just how much more expensive this car has grown to be.

Maintenance Cost is Very Low

Nissan India recently provided us with information regarding the Nissan Magnite’s prepaid maintenance cost. They stated that, up to 50,000 kilometers, the car’s maintenance costs would only be 29 paise per kilometer, the lowest of any car in this segment. is smaller. It is currently covered by a two-year warranty from the company, which can be extended to a five-year warranty for a small fee. Let me tell you that Nissan Magnite set a record by receiving over 10,000 reservations in just 15 days after its launch.

Competing with these cars

In India, Nissan Magnite faces competition from hatchback vehicles such as the Maruti Baleno, Swift Dzire, and Hyundai i20, as well as compact SUVs such as Tata Nexon, Hyundai Venue, Kia Sonet, and Ford Ecosport. Regarding the vehicle’s attributes, its 1.0-liter gasoline engine produces 96 Nm of torque and 71 horsepower. In contrast, the 1.0-liter turbocharged petrol engine produces 160 Nm of torque and 100 horsepower. The Nissan Magnite has a range of 18.75 to 20 kilometers per gallon.

Nissan’s Strategy Amid Market Pressures

Unpredictable market pressures, such as variations in labor and manufacturing costs, exchange rate swings, and raw material price swings, are common for automakers. Nissan made a calculated decision to manage these economic factors by raising the price of the Magnite. Nissan must adjust to these influences as a global player while making sure its products stay competitive.

The Magnite Compact SUV: A Market Favourite

The Nissan Magnite, which is renowned for its features, affordability, and design, has made a name for itself among customers since its introduction. When looking for both value and functionality in one package, people are increasingly choosing compact SUVs. It offers strong competition in the market thanks to its 1.0-liter, 3-cylinder, turbocharged, and naturally aspirated petrol engine.

Nissan Magnite compact SUV Price Impact of the Price Hike

The precise percentage of the price increase is still unknown, but it will impact all Magnite variations. Nissan is providing incentives on the Magnite worth up to INR 97,550 before the change. Within a month of its debut, the Magnite has over 32,800 reservations and 1.80 lakh inquiries, demonstrating its enduring popularity. To meet this demand and shorten wait times, Nissan is increasing production. The model’s reputation in the market has been reinforced by the ASEAN NCAP crash test organization’s recent four-star rating.

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