Japanese automaker, Nissan has unveiled its ambitious plans for India. It is said that the company is setting up a car plant in Chennai under a joint venture with Renault Nissan Automotive India Pvt Ltd. Nissan will come up with nine models by 2012 out of which five will be locally made because the company is looking to obtain about 5% market share here in the country. This is a great news for those who love to have latest and stylish cars.

Nissan along with its French auto giant, Renault is investing Rs4,500 crore in a car plant here for new cars production that will commence from May next year. In a conference, Nissan Motor Co. vice president Colin Dodge said, “We plan to have a total of nine models in the Indian market by 2012, of which five would be made in India.”

Revealing his future plans, Dodge said, “Globally, Nissan has 5% market share and in India also we hope to have around the same level”. He was of the view that India has great potential with forecast of manufacturing and selling over 3 million units in the coming five years. According to him, Nissan will expand its dealership network to 55 by 2012. currently their dealership is just limited to 11 only.

Dodge added that the Joint Venture would increase their employee strength up to 3,000 by 2012. “We will have 1,500 employees by the time production starts at the Chennai plant in May 2010, up from 700 at present. Our aim is to increase the employee strength to 3,000 by 2012,” he said.

The Chennai plant’s total capacity will be around four lakh units on the annual basis, after it gets full operated. Nissan will source local components in large amount. The vehicles of the company would have 85 localized components.

This entry was posted on Tuesday, October 6th, 2009 at 12:55 pm and is filed under Nissan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.