New TN plant to be Nissan’s export hub | autos | Hindustan Times
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New TN plant to be Nissan’s export hub

Putting to rest speculation over delays in starting their maiden car plant in the country, Japanese car-maker Nissan on Monday said it will open its manufacturing facility near Chennai in the middle of next month.

autos Updated: Feb 22, 2010 22:15 IST
HT Correspondent

Putting to rest speculation over delays in starting their maiden car plant in the country, Japanese car-maker Nissan on Monday said it will open its manufacturing facility near Chennai in the middle of next month.

The plant is being developed jointly with its global counterpart Renault, the company said, adding it will roll out the latest generation of compact car Nissan Micra for the Indian market from this plant.

“The facility will be inaugurated by Chairman and CEO of the Renault-Nissan alliance, Carlos Ghosn,” an official said. “The company’s plans for the compact car will be announced in the Geneva Motor Show.”

The Chennai plant is developed with an investment of Rs 4,000 crore and can produce four lakh units annually.

Nissan had said it plans to use India as an export base.