1 Updates
Targeting 10 percent market share in 2016, Nissan mulls expansion
Photo Credit: Bill Pugliano, Getty Images

Targeting 10 percent market share in 2016, Nissan mulls expansion

Feb 1 2013, 5:22am CST | by

Chennai, Feb 1 (IANS) Japanese Nissan Motor Company is targeting 10 percent market share in the Indian car market by 2016 with the launch of 10 new models. It is also mulling expansion plans, including setting up a new plant.

Chennai, Feb 1 — Japanese Nissan Motor Company is targeting 10 percent market share in the Indian car market by 2016 with the launch of 10 new models. It is also mulling expansion plans, including...

Filed under: news

Full Story below YouTube Videos

 
 

 

1 year ago

Targeting 10 percent market share in 2016, Nissan mulls expansion

Feb 1 2013, 5:22am CST | by

Chennai, Feb 1 (IANS) Japanese Nissan Motor Company is targeting 10 percent market share in the Indian car market by 2016 with the launch of 10 new models. It is also mulling expansion plans, including setting up a new plant.

Chennai, Feb 1 — Japanese Nissan Motor Company is targeting 10 percent market share in the Indian car market by 2016 with the launch of 10 new models. It is also mulling expansion plans, including setting up a new plant.

Nissan will soon launch a compact sports utility vehicle (SUV) and an entry-level car under the Datsun brand for which the distribution network is also under study. The company will also launch fuel-efficient automatic transmission Micra, Sunny and Compact SUV.

"Our vision is to capture a market share of 10 percent in India by 2016," Toshiyuki Shiga, chief operating officer, told reporters here.

He said Nissan Motor expected the Indian car market to be in the region of around 4.7 million units by 2016 -- and 10 percent of that worked to around 400,000 units.

Queried about the production facility to achieve that target, he said: "We are exploring options."

Currently, Nissan gets its models made at the Franco-Japanese automotive joint venture Renault Nissan Automotive India Pvt Ltd (RNAIPL) near here.

The plant has a total capacity of 400,000 units on three-shift basis and caters to the needs of Nissan and Renault.

According to Takayuki Ishida, managing director and chief executive officer at Nissan Motor India (Indian subsidiary of Nissan), the issue of capacity expansion is under study at the group's headquarters in Japan.

He said the company was studying options of setting up the expansion plant in or outside Tamil Nadu.

Ishida added that the company would not reduce exports to meet the increase in the domestic demand for want of capacity.

He said currently the company has a capacity of 200,000 units per annum at RNAIPL and one line is operating in three shifts.

About the proposed model under Datsun brand, Shiga said: "The Datsun brand will be focused on Indian and Indonesian markets while the Nissan brand is a global one."

He said the proposed Datsun car for the Indian market is being designed at the Renault Nissan Technology and Business Centre India Pvt Ltd- the research and development outfit for Renault and Nissan.

The Datsun car is expected to be priced around Rs.400,000 and Ishida refutes any notion that it would be a cheap car.

According to Ishida, the company is also mulling the option of having a separate dealership network for Datsun brand while not clearly commenting whether the network would be owned by Nissan India or by Hoover Automotive India, the sales company for Nissan vehicles.

Meanwhile, Nissan hopes to close the current fiscal with a domestic sales of around 50,000 units and double it in 2013. The company is also planning to increase the dealer network to around 150 outlets from the current 95.

Agreeing that the tiff between Japan and China over the ownership of some islands has affected Nissan's sales in China, Shiga said the footfalls in the company's Chinese showrooms are increasing now.

IANS

Source: IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Pizza Maker – Cooking Games Made by Wizards Time LLC Now for iOS
iPhone and iPad users can finally accept the challenge of getting a pizza master chef tittle.
 
 
Lucintel Forecasts North America as Leading Aerospace APU Market During 2013-2020
The global aerospace auxiliary power unit (APU) market is projected to witness moderate growth and reach $3.27 billion by 2020. The APU is crucial for aircraft as it supplies power during ground operations and helps start the engines. The North American aerospace APU market is expected to continue leading among the four global regions.
 
 
Printing Ink Market in China to 2018 - Market Size, Trends, and Forecasts
Marketreportsonchina.com presents a report on “Printing Ink Market in China to 2018 - Market Size, Trends, and Forecasts” which offers the most up-to-date market data on the actual market situation, trends and future outlook for printing ink in China.
 
 
FEA Training Consultants Inc. Hosts Hands-On Training Session on SolidWorks Electrical 2014
Mississauga, Canada, April 19, 2014 --(PR.com)-- FEA Training Consultants Inc., a licensed engineering company and authorized SolidWorks value added reseller specializing in SolidWorks 3D CAD design, SolidWorks Finite...
 
 
 

Latest from the Network

Pep Talk from Olympian in Episode 9 "Mission Milestone" on Mission Makeover on Lifetime®
Pompano Beach, FL, April 19, 2014 --(PR.com)-- All journeys begin with a single step. This week, the Mission Makeover ladies are taking on their biggest challenge yet -- a 5K run. Make sure to tune in on Monday, April...
Read more on TV Balla
 
Enterprises TV Airs in Phoenix, Arizona in April
Coral Springs, FL, April 19, 2014 --(PR.com)-- The Enterprises TV program will air in the &#8220;Valley of the Sun&#8221; during the month of April. Phoenix, Arizona is America&#8217;s sixth-largest city, and one...
Read more on TV Balla
 
Pizza Maker – Cooking Games Made by Wizards Time LLC Now for iOS
Nis, Serbia and Montenegro, April 19, 2014 --(PR.com)-- Wizards Time LLC announced that Pizza Maker &#8211; Cooking Games, cooking game for kids, is now ready for free download on iTunes. The game which is in the...
Read more on Business Balla
 
Lucintel Forecasts North America as Leading Aerospace APU Market During 2013-2020
Irving, TX, April 19, 2014 --(PR.com)-- The global aerospace auxiliary power unit (APU)market is projected to witness moderate growth and reach $3.27 billion by 2020. The APU is crucial for aircraft as it supplies...
Read more on Business Balla
 
Printing Ink Market in China to 2018 - Market Size, Trends, and Forecasts
Mumbai, India, April 19, 2014 --(PR.com)-- This industry report offers the most up-to-date market data on the actual market situation, trends and future outlook for printing ink in China. The research includes...
Read more on Business Balla
 
FEA Training Consultants Inc. Hosts Hands-On Training Session on SolidWorks Electrical 2014
Mississauga, Canada, April 19, 2014 --(PR.com)-- FEA Training Consultants Inc., a licensed engineering company and authorized SolidWorks value added reseller specializing in SolidWorks 3D CAD design, SolidWorks Finite...
Read more on Business Balla
 
myGeoTracking Mobile Workforce Management Service, Introduces Automated Near “Zero-Touch” Time Clocking Features
Palo Alto, CA, April 19, 2014 --(PR.com)-- Abaqus, Inc., a provider of the first-of-a-kind myGeoTracking cloud-hosted location and messaging platform, has combined geo-zones, rules, messaging and hybrid GPS/Wi-Fi...
Read more on Business Balla
 
Manassas Condo Just Rented by Claudia S. Nelson with Keller Williams in Woodbridge, VA
Woodbridge, VA, April 19, 2014 --(PR.com)-- Claudia S. Nelson, award winning Real Estate Agent with Keller Williams Realty in Woodbridge, VA just rented another home for her landlords. According to Woodbridge, VA Real...
Read more on Business Balla
 
ProofHub’s New Calendar Offers Ease to Users by Allowing Them to Set Time Zones for Each Event
Clifton, NJ, April 19, 2014 --(PR.com)-- With teams spread worldwide, making sure that everybody receives notifications as per their time zone is crucial for things to happen in any business. Keeping that in mind,...
Read more on Business Balla
 
Supertron Infotech Has Developed Slot Machine Extension That Offers Instant Discount During Any E-Commerce Transaction
Kolkata, India, April 19, 2014 --(PR.com)-- Superton Infotech Private Limited, Kolkata-based web and mobile app development company has developed a unique discount generating application called "Slot Machine...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla