Nissan Motor India’s urban multi utility vehicle is expected to be launched in August 2012, a company official said. The MUV will resemble Nissan NV 200, sold in Europe and other parts of the world, and will be pitted against Toyota Innova. The MUV will be unveiled at the Delhi Auto Expo to be held in January, the official said.
The MUV will be developed in partnership Ashok Leyland, under an existing joint venture, and will be rolled out with a Nissan badge. Earlier, the partners had launched the Dost, a 1.25-ton mini truck . The company’s city-based plant, capable of producing 2 lakh vehicles annually, will attain a capacity to produce 4 lakh vehicles by next year. Eighty per cent of the vehicles manufactured at the plant are exported.
Nissan, which sold 13,000 vehicles so far this fiscal, is short of reaching its annual target of 40,000 units. Its CFO Sunil Reikhi said , “We’re 80 percent on track to achieve the 2012forecast,” and expect 2013 sales to more than double.
The passenger vehicle market in India is going through a lull phase with October cars sales dropping by 23.8%. This is the biggest drop in sales since December 2000, when car sales fell 35 per cent.
Nissan’s passenger vehicles in India are Micra and Sunny. Nissan Sunny will have its diesel version in the market by mid-2012.