Nissan Magnite likely to be priced from Rs 5.50 lakh

The Nissan Magnite will likely be priced from Rs 5.50 lakh (ex-showroom), according to our sources. Nissan’s compact SUV is just a few weeks away from its India launch.

Nissan Magnite prices are expected to range from Rs 5.50-8.65 lakh.
Compact SUV to be sold with a naturally aspirated (NA) petrol and a turbo-petrol engine.
Turbo-petrol variants will likely cost around Rs 1 lakh more than NA engine versions.

Nissan Magnite expected prices

As per our sources, the entry-level Nissan Magnite XE trim will be priced around Rs 5.50 lakh, while the range-topping XV Premium (manual gearbox) is expected to be priced around Rs 8.65 lakh.

Also, the variants with the 1.0-litre turbo-petrol engine are expected to cost around Rs 1 lakh more than their naturally aspirated engine-equipped counterparts.

These prices, if accurate, would make the Nissan Magnite the cheapest offering in the compact SUV segment. To put this in context, the top-spec Magnite, at Rs 8.65 lakh, would only be Rs 48,000 more than the Ford EcoSport’s base trim (priced at Rs 8.17 lakh) and would be on par with the rest of the compact SUVs’ mid-spec trims.

What is even more impressive is the fact that, at Rs 5.50 lakh, the Magnite would undercut the starting price of the entire lot of premium hatchbacks, barring the Tata Altroz (priced at Rs 5.44 lakh).

Nissan Magnite engine and gearbox options

As mentioned above, the Nissan Magnite compact SUV will come with two petrol engine options – a 72hp, 1.0-litre, naturally aspirated engine paired to a 5-speed manual gearbox, and a 1.0-liter, turbo-charged petrol engine (HRA0) that will make 100hp and 160Nm of torque. The turbocharged petrol engine will be available with either a 5-speed manual or a CVT automatic gearbox (with which torque drops to 152Nm).

The Nissan Magnite will not come with a diesel engine option.