Japaneses auto maker Nissan on Monday announced to introduce its iconic sports car model 370Z next month in India.
"The new sports car model 370Z would be introduced in India from January and shall be third in the series of fully imported cars launched here, after Teana and X-Trail," company spokesperson, Suresh Rangarajan, told reporters.
The company has plans to introduce four models in India under its fully imported category cars, and is yet to decide on the fourth model, he said. "The fourth model proposed to be imported by Nissan and launched here is likely to be a SUV," sources said.
"Nissan has global market share of 5.67 per cent and targets to achieve 5.5 per cent market share in India within 3 to 5 years span post launch of manufacturing facility at the upcoming plant in Chennai, by May 2010," Managing Director and CEO Nissan Motor India, Kiminobu Tokuyama, said.
He was in Ahmedabad to inaugurate the first dealer outlet of Nisaan in Gujarat and the ninth in India.
Nissan has already decided to stop production of its MICRA model of cars at the UK manufacturing plant and shift its production at the upcoming plant in Chennai, Tokuyama said.