360° Coverage : Targeting 10 percent market share in 2016, Nissan mulls expansion

4 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

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

 
Update
4

1 week ago

Unclear if UAW will charter union in Miss.

Oct 11 2014 12:52pm CDT | Source: USATODAY

International trade union leaders visit Nissan Motor plant in Canton to speak with workers. ...
Source: USATODAY   Full article at: USATODAY
 

 
Update
3

2 weeks ago

Nissan Motor sales up by 64%

Oct 1 2014 5:32am CDT | Source: Business Standard

Japanese car maker Nissan Motor has registered a 64.02 per cent jump in its sales in September, 2014, selling 4,145 units from 2,527 units sold during the same month of last ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
2

5 weeks ago

Nissan Appoints BMW Exec to Head Infiniti

Sep 9 2014 8:42pm CDT | Source: WSJ.com: Europe Home

Nissan Motor says it has named Roland Krüger, a BMW executive, as head of its Infiniti luxury car division, moving swiftly to fill one of the positions left vacant by the pending departure of Andy Palmer, a top Nissan mana ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 

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

WHO declares Nigeria officially Ebola-free (Roundup)
Abuja/Dar-es-Salam/Tokyo, Oct 20 (IANS) The World Health Organisation (WHO) Monday officially declared Nigeria Ebola-free , after no new cases were confirmed in the past 42 days, even as the International Monetary Fund (IMF) appealed to the donor community to provide grants to countries affected by the deadly virus.
 
 
IMF appeals for help to Ebola-hit countries
Dar-es-Salam, Oct 20 (IANS) The International Monetary Fund (IMF) Monday appealed to the donor community to provide grants to countries affected by the Ebola outbreak to avoid a decline in their economies.
 
 
Japanese firm to produce more drug for Ebola
Tokyo, Oct 20 (IANS) Japan's Fujifilm Holdings Corporation announced Monday that it will start production of the anti-influenza drug Avigan in preparation for a larger number of patients infected with the Ebola virus.
 
 
Algeria denies Ebola detection reports
Algiers, Oct 20 (IANS) Algeria Monday denied reports of detection of Ebola virus cases in its territory, media reported.
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla