The price increase is to offset the rising input ts. New Delhi: Nissan Group of India on December 14, said it will increase prices of its Nissan and Datsun range of vehicles by up to 3 per cent from January, 2016. "The price increase is to offset the rising input . The revision of prices will soften the negative impact and help the company stay competitive," Nissan Motor India Managing Director Arun Malhotra said in a statement. Nissan brand of vehicles in India range from the Micra hatchback to SUV Terrano with prices starting from Rs 4.47 lakh to Rs 12.91 lakh (ex-showroom Delhi). The Datsun range of vehicles include the entry level small car Datsun Go and multi-purpose vehicle Datsun Go Plus which are priced between Rs 3.23 lakh and Rs 4.76 lakh (ex-showroom Delhi). Last week, the country's largest carmaker Maruti Suzuki India had also said that it would hike prices of its vehicles across models by up to Rs 20,000 from January to offset impact of rising and weakening of the rupee against the US dollar, joining competitors in making such a move. Rival Hyundai Motor India had also announced that it would hike prices of its products by up to Rs 30,000 from next month to offset rising input  ts and unfavourable foreign exchange fluctuation. Already various car makers including Toyota, General Motors India and German luxury car makers Mercedes Benz and BMW have announced a hike in prices of their vehicles across models from January to offset rising input. Experts believe carmakers usually come up with such year-end announcements which China aluminum scaffold suppliers help them clear inventories left after the heavy festival discounts on vehicles.

A contempt petition has been admitted in the high court on Tuesday against a multi-millionaire husband-wife China aluminum Roof system couple who had given a promise in writing, made before the high court, to return Rs 12 crore to one of their victims, but violated the terms of the undertaking. The Asian Age in May this year had reported how the Economic Offences Wing (EOW) of the Mumbai police arrested the couple for duping their victims to the tune of Rs 40 crore. The couple had taken huge contracts from Indian Railways for their catering service on Express trains like Shatabdi Express for close to two decades. They allegedly duped at least six victims to the tune of Rs 13 crore. While EOW believe they have duped people to the tune of Rs 40 crore, victims said they might have duped investors to the tune of Rs 100 crore. The couple’s company is one of the biggest contractors that takes work from Indian Railways across India. The accused, Arunkumar Agarwal, (54) and his wife Sunita (50) are the directors of Sun Shine caterers Pvt Ltd which took contracts from Railways. They never took money in name of the company, but through their personal bank accounts or in cash. An FIR was registered against them in December last year for cheating and criminal breach of trust. One of their victims, Pankaj Bansal, filed the contempt petition in HC after the duo failed to keep their promise made before the high court. Mr Bansal said, “On June 18 this year they had given an undertaking to pay me Rs 50 lakh per month and in 12 months they were supposed to return the entire Rs 12 crore even if they had to sell their property. They haven’t paid me Rs 50 lakh every month. I learnt that they have given an undertaking to another victim that they would sell the same property to given them their money, which is cheating the high court.” His lawyer Sujay Kantawala said, “Contempt of high court with intent must not go unpunished.” In around five years, the couple’s modus operandi was to lie to their investors that they had bagged big contracts from railways. On this pretext they got people to invest huge amounts, promising 40-50 per cent returns. They fooled victims by signing a memoranda of understanding, but never used to register them.