NEW DELHI: Japanese automotive major nissan will invest Rs 5,300 core in India together with alliance partner France Renault ride in four brand new SUVs and two small electrics. The companies are trying to make a fresh attempt to break through business in India after not so significant success so far.
Nissan COO Ashwani Gupta He said India is a strategic automotive market and companies will choose new products and highly localized manufacturing to target not only local customers but also export regions. “We will start launching our new products from 2025 and further presentations will take place later. The exercise will also see us create 2,000 jobs in India. “
Gupta, who is also a board member of the Renault-Nissan Alliance, said that pure electric should play a crucial role in India’s sustainable mobility journey, and thus the alliance will focus more on electric vehicles at small battery, rather than trying to launch hybrids and other intermediate green technologies.
“Government policies support battery electricity and I believe they will be a key strategic pillar for The growth of electrification in Indiaand not hybrids. For hybrids and e-power (technology), Nissan will wait before bringing the technologies to India,” he said, adding that the company expects the share of electric vehicles in India to reach 13% of total passenger vehicle sales by 2030, versus 0.5% in 2022.
Gupta also said that the planned SUVs will be ICE (internal combustion engine or petrol/diesel) vehicles, although the platforms will have the ability to integrate other technologies such as hybrids and electrics should the need arise. Despite the limited success of the Magnite entry-level SUV in India, Nissan has failed to achieve much in the country, managing a 0.8 percent share in the domestic market in April December 2022-23. The company sold 25,364 units in a market where total sales stood at 28.7 lakh units in the first three quarters of AF23. Renault did relatively better with a 2.2% share over the same period on combined volumes of 63,913 units.
Nissan COO Ashwani Gupta He said India is a strategic automotive market and companies will choose new products and highly localized manufacturing to target not only local customers but also export regions. “We will start launching our new products from 2025 and further presentations will take place later. The exercise will also see us create 2,000 jobs in India. “
Gupta, who is also a board member of the Renault-Nissan Alliance, said that pure electric should play a crucial role in India’s sustainable mobility journey, and thus the alliance will focus more on electric vehicles at small battery, rather than trying to launch hybrids and other intermediate green technologies.
“Government policies support battery electricity and I believe they will be a key strategic pillar for The growth of electrification in Indiaand not hybrids. For hybrids and e-power (technology), Nissan will wait before bringing the technologies to India,” he said, adding that the company expects the share of electric vehicles in India to reach 13% of total passenger vehicle sales by 2030, versus 0.5% in 2022.
Gupta also said that the planned SUVs will be ICE (internal combustion engine or petrol/diesel) vehicles, although the platforms will have the ability to integrate other technologies such as hybrids and electrics should the need arise. Despite the limited success of the Magnite entry-level SUV in India, Nissan has failed to achieve much in the country, managing a 0.8 percent share in the domestic market in April December 2022-23. The company sold 25,364 units in a market where total sales stood at 28.7 lakh units in the first three quarters of AF23. Renault did relatively better with a 2.2% share over the same period on combined volumes of 63,913 units.
