The Telegraph
Friday , July 4 , 2014
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Nissan charts growth map

Andy Palmer in Mumbai on Thursday. (PTI)

Mumbai, July 3: Japanese auto major Nissan is betting big on India.

The company is planning to ramp up the annual capacity of its Chennai plant, which it owns with Renault, to 4,80,000 units from 4,00,000 units.

“We are discussing the possibility of increasing the capacity,” said Kenichiro Yomura, president of Nissan India (operations). The company is looking at “achieving the first milestone of 10 per cent market share in India within five years”, he said.

At present, Nissan India has a 1.3 per cent market share. “This year, it will increase to 2-3 per cent.”

“Much of our growth will come from our six key regions, including Middle East, India and Africa,” said Andy Palmer, chief planning officer of Nissan Motor, at the launch of the refurbished flagship sedan Sunny here today.

The petrol variant of the Sunny has been priced at Rs 6.99 lakh, ex-showroom, Delhi, while the diesel version costs Rs 7.99 lakh.

The company will bring in the new Evalia in mid-July and the Datsun MPV Go Plus later this year.

Nissan sold 14,684 units in the first quarter of this financial year against 6,268 units the same period last year.

It sold 5,459 units in June compared with 2,949 units in the corresponding year-ago period.