Nissan to make India a hub for small cars

With Maruti Suzuki and Hyundai making India its hub for small cars Nissan a new player in the small car market in India too plans to make India its hub for small cars.

Nissan has invested over Rs. 2000 crore for a new car plant near Chennai and will be soon launching its small car Micra the company’s first India-made car, by around July.

The Micra, that would be the company’s volume driver in India, would also be the car that Nissan would sell in European and other key export markets.

“ India’s strength in manufacturing world class compact cars and its cost-effectiveness in the production process, will help the country to be the hub of small cars for Japanese car major Nissan, feels the company’s global COO Toshiyuki Shiga.”

Nissan has also announced its intention to make an entry-level car — in the Rs 2.5 lakh price range — for which it may partner Hinduja group company Ashok Leyland. Besides its has tied up with Renault & Bajaj to launch the ultr lowcost car for India which will compete with Tata Nano