There is an array of new car launches in India in coming years. Japanese car manufacturer Nissan Motors has proclaimed its plans to manufacture nine brand new models at its Chennai manufacturing plant that will be ready by 2010. Out of the nine models, five of the models will be for the Indian car market.
According to Nissan Motors India Managing Director, Shouhei Kimura, “India is a very important market for us. We have been focusing on how to localize the products and bring more models into the market. We have a five-year, mid-term plan under which we expect to produce about 400,000 units and sell about 200,000 units in India by 2012.”
However, Nissan currently sells its sedan Teana and SUV X-trail through the imported route. Nissan is in joint venture with French auto manufacturer Renault for manufacturing vehicles at the Chennai plant.
Even with increased steel and fuel prices, many of the car manufacturers are taking brave steps that they can give the best to the car buyers and the hope that the car market will one day definitely take its place.