Financial Daily from THE HINDU group of publications
Friday, Jun 17, 2005
Financial Daily from THE HINDU group of publications Friday, Jun 17, 2005 |
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Corporate
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Outlook Nissan sees `big potential' in India Our Bureau
Ms Yoshie Motohiro (left), Managing Director, Nissan Motor India Pvt Ltd, and Mr Rahul Nair, Managing Director, Aquest Auto Pvt Ltd, at a press conference in Mumbai on Thursday. - Shashi Ashiwal
Mumbai , June 16 JAPANESE auto major Nissan, has yet to firm up its India strategy. But clarity on it should emerge during the company's current mid-term growth plan due for completion by 2007. "We see big potential for the Indian market. Now is the preparation phase," Ms Yoshie Motohiro, Managing Director, Nissan Motor India Private Ltd and the first woman executive to head a regional subsidiary of the auto company, said at a press briefing here on Thursday. Last year, Nissan sold 130 units of the compact SUV, X-Trail, in India. This year, it has hiked its target to 250. Besides Aquest Auto Pvt Ltd, its dealer in Mumbai, Nissan has a dealer each in Chennai, New Delhi, Bangalore and Hyderabad. Ms Motohiro did not outline Nissan's future plans here or what new models could be expected, all of which will be finalised in the company's mid-term plan. However, she said that while the respective Indian operations of Renault and Nissan remain separate, the two would "look at any win-win situation that may possibly arise." Renault and Nissan hold equity in each other as part of a global alliance. Renault's Indian operations are through a 49:51 joint venture with Mahindra & Mahindra (M&M), with manufacturing at Nashik for its Logan car. In South Asia and its neighbourhood, Nissan has ongoing CBU imports into Pakistan and manufacturing operations in Thailand and China.
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