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Time of India
2 days ago
- Automotive
- Time of India
Nissan reaffirms commitment to India, plans three new vehicle launches by 2027
Nissan Motor Co has a defined product introduction plan for India, where it intends to continue its operations, global CEO Ivan Espinosa told ET, dispelling speculation that the Japanese automaker could exit the market. 'India is a very important market for Nissan and we're in India to stay,' said Espinosa. 'We have a very clear roadmap of our product portfolio and also the capacity required to produce these vehicles.' Elaborating on the plans, he said, 'In the next 18 to 24 months, we will have a lot of activity of product introduction for India…these vehicles will not only be for India, but they will also be exported to many, many markets around the world.' The top Nissan executive's comments follow partner Renault SA announcing this March the acquisition of the former's 51% stake in a car manufacturing joint venture factory in Tamil Nadu. Post completion of the deal, Renault Nissan Automotive India Pvt Ltd (RNAIPL) will become a wholly owned unit of the French automaker. RNAIPL would eventually evolve into a contract manufacturer for Nissan, producing existing and new models slated for launch in India and for exports. Nissan's decision triggered speculation that the company may exit the Indian market, much like American carmakers Ford and General Motors in the past. Espinosa clarified that Nissan's decision to cut industrial footprint to 10 vehicle plants globally from 17 is part of the company's plan to trim costs, leverage partnerships wherever feasible, and channel investments in mass market products to grow business sustainably and profitably in future. He emphasised that low motorisation rates in India, coupled with strong cost competitiveness and engineering capability offer a lot of potential to grow Nissan's business in the country. To be sure, the Tokyo-headquartered automaker has faced limited success in its stint in India. It sold only 27,881 units in India's 4.3-million unit passenger vehicle market last fiscal year, due to sparse product offerings. The company however ranks among India's top car exporters, shipping 71,334 vehicles in FY25. Espinosa however expressed confidence that Nissan Motor India would turnaround its business, backed by the launch of three new vehicles in the next 18-24 months. This will comprise a multipurpose vehicle, a five-seater SUV, and a seven-seater SUV. Nissan currently sells the locally-produced Magnite compact SUV in India, besides importing the X-Trail SUV model. Espinosa explained that the new vehicles—positioned at the heart of the market in the country's fast-growing utility vehicle segment— will give the company's dealer partners 'a lot of opportunities for business' and also help cover many requirements of customers in India. 'We will have a much broader range that will help us cover the market in a more intelligent, smart way,' he said. Nissan aims to nearly its grow its sales in India nearly threefold to 100,000 vehicles annually once the new SUVs are rolled out, by 2027-end. An additional 100,000 vehicles will be exported. 'The scale of what we're doing is relatively big. This is why India is such an important thing for Nissan, and this is why we're determined to stay and to keep working with the assets that we have built in India, not only for the domestic operations, but also to capitalise these values and export outside of the Indian market,' Espinosa said. He said the company additionally has a very competent engineering footprint in India. Going forward, Nissan will leverage the joint venture Renault Nissan Technology & Business Centre in Chennai, not only to produce and develop vehicles in India jointly with partner Renault, but also for enabling new product development under Nissan's global portfolio. 'The Indian talent and engineering is very, very competent and that is something that our engineers in Japan value a lot. There's a lot of collaboration happening with the engineering team in India, to help us develop products for many of Nissan's world operations,' he said. Overall, Espinosa said while every market has its challenges, one of the positives in India is that the motorisation ratio still has a lot of potential to grow. He said that 'there's still a lot of potential for the Indian market to grow, but we do need to keep working hand in hand with the governments to keep the competitiveness that today India has. The cost competitiveness is quite good; the engineering capability is quite good. But how do we make this sustainable for the future?'. For one, as India transitions to cleaner mobility solutions such as battery electric vehicles, 'a solid roadmap' has to be put in place to expand infrastructure. Espinosa said government support is also needed to make EVs viable in the future in India. 'So, a lot of work to be done, which is not only specific to India. But a lot of work needs to be done to keep the (growth in sales of) electric vehicles at the pace governments or some of the governments are intending.'
Time of India
3 days ago
- Automotive
- Time of India
Nissan reaffirms commitment to India, plans three new vehicle launches by 2027
Nissan Motor Co has a defined product introduction plan for India , where it intends to continue its operations, global CEO Ivan Espinosa told ET, dispelling speculation that the Japanese automaker could exit the market. 'India is a very important market for Nissan and we're in India to stay,' said Espinosa. 'We have a very clear roadmap of our product portfolio and also the capacity required to produce these vehicles.' Elaborating on the plans, he said, 'In the next 18 to 24 months, we will have a lot of activity of product introduction for India…these vehicles will not only be for India, but they will also be exported to many, many markets around the world.' The top Nissan executive's comments follow partner Renault SA announcing this March the acquisition of the former's 51% stake in a car manufacturing joint venture factory in Tamil Nadu. Post completion of the deal, Renault Nissan Automotive India Pvt Ltd (RNAIPL) will become a wholly owned unit of the French automaker. RNAIPL would eventually evolve into a contract manufacturer for Nissan, producing existing and new models slated for launch in India and for exports. Nissan's decision triggered speculation that the company may exit the Indian market, much like American carmakers Ford and General Motors in the past. Espinosa clarified that Nissan's decision to cut industrial footprint to 10 vehicle plants globally from 17 is part of the company's plan to trim costs, leverage partnerships wherever feasible, and channel investments in mass market products to grow business sustainably and profitably in future. He emphasised that low motorisation rates in India, coupled with strong cost competitiveness and engineering capability offer a lot of potential to grow Nissan's business in the country. To be sure, the Tokyo-headquartered automaker has faced limited success in its stint in India. It sold only 27,881 units in India's 4.3-million unit passenger vehicle market last fiscal year, due to sparse product offerings. The company however ranks among India's top car exporters, shipping 71,334 vehicles in FY25. Espinosa however expressed confidence that Nissan Motor India would turnaround its business, backed by the launch of three new vehicles in the next 18-24 months. This will comprise a multipurpose vehicle, a five-seater SUV, and a seven-seater SUV. Nissan currently sells the locally-produced Magnite compact SUV in India, besides importing the X-Trail SUV model. Espinosa explained that the new vehicles—positioned at the heart of the market in the country's fast-growing utility vehicle segment— will give the company's dealer partners 'a lot of opportunities for business' and also help cover many requirements of customers in India. 'We will have a much broader range that will help us cover the market in a more intelligent, smart way,' he said. Nissan aims to nearly its grow its sales in India nearly threefold to 100,000 vehicles annually once the new SUVs are rolled out, by 2027-end. An additional 100,000 vehicles will be exported. 'The scale of what we're doing is relatively big. This is why India is such an important thing for Nissan, and this is why we're determined to stay and to keep working with the assets that we have built in India, not only for the domestic operations, but also to capitalise these values and export outside of the Indian market,' Espinosa said. He said the company additionally has a very competent engineering footprint in India. Going forward, Nissan will leverage the joint venture Renault Nissan Technology & Business Centre in Chennai, not only to produce and develop vehicles in India jointly with partner Renault, but also for enabling new product development under Nissan's global portfolio. 'The Indian talent and engineering is very, very competent and that is something that our engineers in Japan value a lot. There's a lot of collaboration happening with the engineering team in India, to help us develop products for many of Nissan's world operations,' he said. Overall, Espinosa said while every market has its challenges, one of the positives in India is that the motorisation ratio still has a lot of potential to grow. He said that 'there's still a lot of potential for the Indian market to grow, but we do need to keep working hand in hand with the governments to keep the competitiveness that today India has. The cost competitiveness is quite good; the engineering capability is quite good. But how do we make this sustainable for the future?'. For one, as India transitions to cleaner mobility solutions such as battery electric vehicles, 'a solid roadmap' has to be put in place to expand infrastructure. Espinosa said government support is also needed to make EVs viable in the future in India. 'So, a lot of work to be done, which is not only specific to India. But a lot of work needs to be done to keep the (growth in sales of) electric vehicles at the pace governments or some of the governments are intending.'
Hans India
29-05-2025
- Automotive
- Hans India
No plans to exit, affirms nissan India head
New Delhi: Automaker Nissan has no plans to exit the Indian market, a top company official said on Wednesday, rejecting reports speculating on the company's future in the country. The company on the contrary plans to introduce three new products in the Indian market by early part of 2027 and also aims to add 20 more dealerships this year. In a virtual press conference, Nissan Motor India MD Saurabh Vatsa said the company aims to have a multi-product portfolio and aims to sell one lakh units each in the domestic and export markets this fiscal. 'It is really important that I must put to rest any speculation that Nissan is planning to exit India and Renault Nissan Automotive India Pvt Ltd (RNAIPL) stake dilution is an indication of that,' he stated. On March 31, this year, Renault announced to acquire partner Nissan's 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Private Ltd (RNAIPL) -- for an undisclosed noted that Nissan had a very long stint of around 60 years in India. 'It's very important to understand that we are absolutely well entrenched in India... our production plans, our future capacity all are in place. They are all secure, nothing is out of sync, we are here and we are here to stay,' he noted. He noted that the company will launch a seven-seater B-segment MPV in the first quarter of 2026 calendar year, followed by a C-SUV five- and seven-seater by early 2027. While acknowledging that few dealer parties have left the brand, Vatsa noted that the company has been bringing in new sales partners. 'We currently have around 160 sales outlets, we plan to end the year at 180 dealerships,' he said. Nissan said its Magnite SUV will now be available with a government-approved CNG retrofitment kit. The complete retrofitment will be available at competitive additional price of ₹74,999, the automaker said. The rollout of the CNG kit fitment will be done in a phased manner across the country, it said.
Time of India
28-05-2025
- Automotive
- Time of India
No exit plans for India, Nissan MD confirms; new cars in the pipeline
No exit plans for India: Nissan Motor India. Putting an end to speculations around its future in India, Nissan Motor India has confirmed it is here to stay and, in fact, gearing up for an aggressive product rollout and expansion over the next two years. The company is preparing to launch three new models by early 2027 and is targeting a significant boost in both domestic and export volumes. Speaking to the media earlier today, Nissan Motor India's Managing Director, Saurabh Vatsa, made it clear that the automaker has no intentions of exiting the Indian market, contrary to recent reports fueled by the company's decision to divest its stake in the Renault-Nissan Automotive India Private Ltd (RNAIPL) joint venture. 'We are not going anywhere,' Vatsa said firmly. 'There have been speculative stories doing the rounds, and I want to categorically state that Nissan is committed to India.' He explained that while Nissan has sold its 51% stake in RNAIPL to Renault, this move secures manufacturing capacity for the brand and has no bearing on its operations or future in India. Meanwhile, the Magnite SUV continues to be produced locally and exported to multiple global markets. New products and expansion on the horizon Looking ahead, Nissan is preparing to launch a B-segment MPV in the first quarter of the calendar year 2026. This will be followed by the introduction of a five-seater C-segment SUV , and later, a seven-seater variant. Both of the latter are expected to arrive by early 2027. Nissan Magnite EZ Shift review: Most affordable AMT SUV but has a flaw | TOI Auto The company's pre-production builds for the MPV and C-SUV have already commenced. Nissan plans to scale domestic sales and exports to 100,000 units each by FY26-27, Vatsa confirmed. 'Our production plans, our people, and our capacity are all 100% secure. Everything we committed to last year is on track,' Vatsa said, assuring that the company's product pipeline is running as planned. Nissan is also expanding its retail presence, aiming to grow from its current 160 dealerships to about 180 outlets by the end of 2025. 'We are absolutely entrenched in India, and every part of our future plan remains intact,' Vatsa concluded. Discover everything about the automotive world at Times of India .
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First Post
28-05-2025
- Automotive
- First Post
No plans to exit Indian market; company well entrenched in country: Nissan India MD
Nissan plans to stay in India, introducing three new products in the Indian market by 2027 and 20 dealerships this year, said MD Saurabh Vatsava. read more Nissan has no plans to exit the Indian market and is launcing three new products in 2027, said MD Saurabh Vatsava. (Photo: Economic Times) Automaker Nissan has no plans to exit the Indian market, a top company official said on Wednesday, rejecting reports speculating on the company's future in the country. The company on the contrary plans to introduce three new products in the Indian market by early part of 2027 and also aims to add 20 more dealerships this year. In a virtual press conference, Nissan Motor India MD Saurabh Vatsa said the company aims to have a multi-product portfolio and aims to sell one lakh units each in the domestic and export markets this fiscal. STORY CONTINUES BELOW THIS AD 'It is really important that I must put to rest any speculation that Nissan is planning to exit India and Renault Nissan Automotive India Pvt Ltd (RNAIPL) stake dilution is an indication of that,' he stated. On March 31, this year, Renault announced to acquire partner Nissan's 51 per cent stake in their Indian manufacturing joint venture – Renault Nissan Automotive India Private Ltd (RNAIPL) – for an undisclosed amount. Vatsa noted that Nissan had a very long stint of around 60 years in India. 'It's very important to understand that we are absolutely well entrenched in India… our production plans, our future capacity all are in place. They are all secure, nothing is out of sync, we are here and we are here to stay,' he noted. He noted that the company will launch a seven-seater B-segment MPV in the first quarter of 2026 calendar year, followed by a C-SUV five- and seven-seater by early 2027. While acknowledging that few dealer parties have left the brand, Vatsa noted that the company has been bringing in new sales partners. 'We currently have around 160 sales outlets, we plan to end the year at 180 dealerships,' he said. Nissan said its Magnite SUV will now be available with a government-approved CNG retrofitment kit. STORY CONTINUES BELOW THIS AD The complete retrofitment will be available at competitive additional price of Rs 74,999, the automaker said. The rollout of the CNG kit fitment will be done in a phased manner across the country, it said. In the first phase, customers can order the CNG kit installation via Nissan authorised dealerships in seven states – Delhi-NCR, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Kerala and Karnataka, the company said. It will later be expanded to other states across the country as part of Phase-2 expansion, it added. (Except headline, this story has not been edited by Firstpost staff)
