Japanese auto major Nissan – which recently announced plans to divest its entire stake in the manufacturing plant in the country to alliance partner Renault – said it is on-track to invest Euro 700 million to launch multiple products over the two years.Saurabh Vatsa, Managing Director, Nissan India said, “We are not going anywhere. We have divested stake but we have secured capacity. We will continue to supply vehicles to the Indian market, export, launch new products, the first of which will be introduced in the first quarter of the next calendar year.” Two more vehicles will follow over the course of next one year.Vatsa said with the new products in place the company is aiming at nearly trebling volumes to 100,000 units per annum by the end of FY27. “Our portfolio will add volumes to the network. And our network will grow ahead of the launches”, he informed, adding Nissan plans to expand distribution to 180 sale outlets across the country by the end of the ongoing fiscal year.The company is looking at exporting an additional 100,000 units per annum from India to take total output to 200,000 units in this period. “We have total capacity of 480,000 units per annum in Tamil Nadu. Both partners will continue to invest to utilise this efficiently”, Vatsa said.Earlier in March this year, French carmaker Renault said it will acquire Nissan’s 51% stake in the manufacturing facility in the country, after which RNAIPL will become its wholly-owned subsidiary. It would eventually evolve into a contract manufacturer for Nissan producing existing and new models slated for launch.Both automakers will continue to operate Renault Nissan Technology & Business Centre India (RNTBCI)—a captive automotive technology and business centre—under the current 51:49 shareholding structure.
Japanese auto major Nissan – which recently announced plans to divest its entire stake in the manufacturing plant in the country to alliance partner Renault – said it is on-track to invest Euro 700 million to launch multiple products over the two years.Saurabh Vatsa, Managing Director, Nissan India said, “We are not going anywhere. We have divested stake but we have secured capacity. We will continue to supply vehicles to the Indian market, export, launch new products, the first of which will be introduced in the first quarter of the next calendar year.” Two more vehicles will follow over the course of next one year.Vatsa said with the new products in place the company is aiming at nearly trebling volumes to 100,000 units per annum by the end of FY27. “Our portfolio will add volumes to the network. And our network will grow ahead of the launches”, he informed, adding Nissan plans to expand distribution to 180 sale outlets across the country by the end of the ongoing fiscal year.The company is looking at exporting an additional 100,000 units per annum from India to take total output to 200,000 units in this period. “We have total capacity of 480,000 units per annum in Tamil Nadu. Both partners will continue to invest to utilise this efficiently”, Vatsa said.Earlier in March this year, French carmaker Renault said it will acquire Nissan’s 51% stake in the manufacturing facility in the country, after which RNAIPL will become its wholly-owned subsidiary. It would eventually evolve into a contract manufacturer for Nissan producing existing and new models slated for launch.Both automakers will continue to operate Renault Nissan Technology & Business Centre India (RNTBCI)—a captive automotive technology and business centre—under the current 51:49 shareholding structure. Economic Times
