Nissan is contemplating to introduce nine models in India by 2012. The Japanese car major wants to secure its foothold of five per cent market share in the country.
Nissan in collaboration with Renault has invested Rs 4,500 Crore in a car plant in India, which will begin production from May 2010. The employees in the facility will increase to 3,000 by 2012 from 700 now.
"We plan to have a total of nine models in the Indian market by 2012, of which five would be made in India," Nissan Motor Co Vice-President Colin Dodge told reporters during a conference. He also mentioned Nissan will bring three new models during 2009 without specifying details. The company has just two imported models, the SUV XTrail and the sedan Teana, in India.
Bullish on the Indian market, he said: "There is a strategic importance for India as it has a great potential (with) forecast of over 3 million units in the next five years." The Indian car market, at present, is of over 1.2 million units.
"Globally, Nissan has five per cent market share and in India also we hope to have around the same level," Dodge said without specifying a timeline for achieving the target.
He said Nissan will also expand its dealerships to 55 by 2012, from the current 11. Nissan and Renault are setting up their car plant in Chennai under a joint venture, Renault Nissan Automotive India Pvt Ltd.
The Chennai plant would have a total capacity of four lakh units annually once it is fully operationalised. Dodge said the company would source local components in large amount and its cars would have 85 per cent localisation of components.