New Delhi, May 22: Japanese auto major Nissan today said it would start selling light commercial vehicles (LCVs) in India from 2010.
As previously announced, Nissan will start LCV sales in India and the US during 2010, the company said in a statement. It would start selling LCVs in Russia from September this year, it added.
According to a company official, Nissan will manufacture these vehicles in India. We are in the process of finalising a location and things will become more clear in a months time, the official said.
Nissan plans to roll out 13 LCV models by 2012 as part of its global strategy to become the market leader in the segment.
At the heart of the business plan is substantial investment in new products. Nissan will launch 13 light commercial vehicles by the end of 2012, the company release said.
The company is also planning to double its revenues from LCV sales by 2012, it added.
Andy Palmer, corporate vice-president of Nissans LCV business unit, said, Nissan has pushed LCV sales to unprecedented levels, and we aim to become a leading player in the global LCV market by 2012.
Earlier, Nissan Motor president and CEO Carlos Ghosn had said the company targeted to sell over two lakh vehicles in India in the next four years for which it would leverage local expertise.
With its alliance partner Renault, Nissan is setting up a plant for passenger cars in Chennai with a capacity of 4 lakh units per annum.
Nissan also has a joint venture with Ashok Leyland to build light commercial vehicles in the country. The partnership between the two companies includes the development and manufacturing of LCV products under both Ashok Leyland and Nissan brands as well as co-operation in sales.