Nissan mulling investments in India
The company commits investments to the tune of around Rs 2,000 crore for a presence across product segments.india Updated: Sep 06, 2006 16:07 IST
Japan's Nissan Motors is close to finalising its plans for India, which could see the company commit investments to the tune of around Rs 2,000 crore for having a presence across product segments.
"The company is in the process of working out plans for India and these will be shortly finalised," industry sources said.
The company, which sells the imported SUV 'X-Trail' in India, is looking at an aggressive entry into the market. "We will be pretty aggressive on India. As far as vehicles are concerned, we are looking at a possibly wider range of products," they said.
The company is not in favour of confining to the high-end market, considering the growth rates and the potential in India. "Nissan wants to be present across model segments in India," the sources said.
Nissan, which in June this year announced an international manufacturing collaboration with Suzuki that would see Maruti producing vehicles for the company, is expected to go in for an all-new set-up under its proposed plan.
"Nissan is looking at something separate, an all set-up. However, there are still various possibilities," they said.
Asked whether the company could also enter the small car segment, the sources said, "It is certainly looking at that. Nissan takes it as a challenge and is conducting a lot of studies for this."
Nissan had entered the Indian auto market with the launch of the X-TRAIL, which it sells through dealer outlets in Delhi, Mumbai, Bangalore, Chennai and Hyderabad.
First Published: Sep 06, 2006 16:07 IST