Automotive Industry

Nissan offers Magnite with a starting price of INR 4.99 lakh for December, Auto News, ET Auto

New Delhi: Nissan Motors India has introduced its latest SUV, the Magnite, at a special price of INR 4.99 lakh for 2020 after which it will go to its regular price of INR 5.44 lakh (both ex-showroom).

The new Magnite has lots of competition from Hyundai Venue, Maruti Vitara Brezza, Kia Sonet, Tata Nexon and the Mahindra XUV300 that dominate the market and are expanding.

Nissan has huge expectations from Magnite as it would be its flagship in terms of sales and turnaround. Rakesh Srivastava, managing director, who is pinning all hopes on the new SUV, told ETAuto, “We are looking at a great value to the Indian customer with this global product. It will redefine the compact vehicles market in India, especially the SUV segment, that was craving for value and freshness.”

Nissan is expanding its network to sell the vehicles across India with special focus on metros and

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