Nissan looks to rev up India operations; lines up product launches over next 30 months
Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite.
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The company has also unveiled the latest version of its premium SUV X-Trail, which will be imported into the Indian market as a completely built-up (CBU) model.
«India is an important market for us, and we will be going in for a product offensive over the next two and half years, between FY24 and FY26,» Nissan India President Frank Torres told PTI in an interaction.
He noted that the company is looking at tripling its sales volume in the domestic and export markets by FY26.
«In the next two and half years, we will enhance three times our volume in domestic as well as exports,» Torres said.
The company expects to enhance domestic and export volumes to 1 lakh each per annum by the end of FY26, he added.
Torres said the new product range would have a high level of technology and offer a value proposition to the customers.
Last year, Nissan Motor Co and Renault SA announced significant investments in six new models in India.
Torres said the automaker is now also contemplating as to
