Summary:

Nissan plans to introduce five new vehicles in India over the next 30 months to expand its market presence. This includes two mid-size SUVs (five-seater and seven-seater), an electric SUV, a refreshed compact SUV Magnite, and the latest premium X-Trail SUV in completely built-up (CBU) form. Currently, Nissan offers only one model in India.

Mr. Frank Torres, President of Nissan India, highlighted India's strategic importance, announcing a product offensive for FY24-FY26. Nissan aims to boost domestic and international sales volumes to 100,000 units per year by FY26, featuring new technologies and strong value propositions.

Mr. Saurabh Vatsa, MD of Nissan Motor India, expressed confidence in the sector's growth, stating, "We are not too late to enter the market as it evolves." He emphasized the importance of consumer relevance and expressed confidence in the new product lineup. Additionally, Nissan plans to expand its sales network in India.

Source: IBEF 

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