The Japanese car maker Nissan stated that its project to launch small car in India is on track and it will be ready to bring its new car in India by early 2010. Nissan Motor India’s Managing Director and CEO Kiminobu Tokuyama said: “There is no delay, our plans are on track and Nissan India will come out with its next-generation A-segment car- Micra, on schedule before summer 2010.”
Both the companies intend to make India as their next favorite car manufacturing destination and also intend to increase their market presence in this region. The company is currently working with the French car maker Renault and has a manufacturing unit in Chennai. The plant is being set up to manufacture four lakh cars annually but Nissan said that it shall initially manufacture only 200,000 units annually. Nissan is ready to bring the new small car model – Nissan Micra or Nissan March. The Micra hatchback car is named March in Japan and the Indian version would be christened either Micra or March, said Tokuyama. Nissan also intends to add nearly 4 to 5 models in its product portfolio in India in next 5 years.
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