Nissan’s passion for sports models gets refined view with a new model iconic 370Z slated for the launch next month. This will be the third imported model for the Indian market following Teana and X-Trail. Further there will be four more models will hit the roads and all will be imported including a SUV.
Nissan enjoys a share of 5.67% in the global market and is on the verge of reaching 5.5% share in the Indian market in another 3-5 years. This is scheduled prior to the launch of new facilities in the Chennai plant possibly by May 2010 said the company’s MD and CEO who visited the country for inaugurating the first dealer outlet in Gujarat (9th in India).
In the meantime, the company will withdraw its MICRA model made in the UK and will be combined in the production at Chennai plant. This plant is known for its V-platform facility which will first make premium hatchbacks in the B-plus segment and will function as the hub for global sourcing, said the MD. Nissan has chalked out its plans of export of 110thousand units in the first year of production to more than 100countries of which 30 in Europe. The Chennai plant will be in the series of Nissan’s global compact car platforms after China, Thailand, Mexico and the fifth location is under process.