Nissan has announced to launch its Magnite SUV in India on December 2. It will be a sub-compact SUV that will be launched at a low price in 4 trims including a total of 8 variants with XE, XL, XV and XV Premium. The price of Nissan Magnite is likely to be slated between Rs 5.50 lakh and Rs 8.15 lakh. The SUV will have a naturally aspirated 1.0-liter petrol engine in its entry-level variant. It will generate power of 71 bhp and peak torque of 96 Nm. It can be offered with a manual gearbox and an AMT transmission. Apart from this, the company can also offer a 1.0-liter turbocharged petrol engine in its top-end variants.