Is Nissan Committing to India with a €700 Million Investment?

Synopsis
Key Takeaways
- Nissan is investing €700 million in India for new vehicle launches.
- The company reassures its commitment to the Indian market.
- Production capacity will increase to 200,000 vehicles by 2026-27.
- There are no plans for job cuts or changes in domestic strategy.
- The Magnite SUV has achieved significant sales success.
New Delhi, May 29 (NationPress) The renowned Japanese car manufacturer Nissan has declared its intention to proceed with a substantial investment of €700 million in India over the next two years. This capital infusion will facilitate the introduction of several new models from 2025 to 2027, emphasizing the company's enduring dedication to the Indian automotive market.
In light of recent news regarding Nissan's sale of its majority 51 percent stake in its manufacturing facility to its alliance partner Renault, the company reassures that it is not retreating from India.
Instead, Nissan is intensifying its commitment with a strategic focus on both product innovation and expanding production capabilities.
During a press conference, Saurabh Vatsa, Managing Director of Nissan Motor India, firmly rejected any rumors about a possible exit or closure in the country.
“Nissan is not going anywhere. We are committed to staying in India,” Vatsa asserted. He dismissed speculation regarding downsizing or exit, highlighting that the company’s domestic strategy remains steadfast.
“There are no alterations in our domestic strategies and no job cuts are planned,” he remarked, underscoring the company's focus on growth and sustainability.
To illustrate this commitment, he highlighted the significant $700 million investment Nissan is channeling into India, complemented by an additional $1.8 million from the Renault-Nissan Alliance.
“The proof is in the pudding,” Vatsa noted, revealing that pre-production for upcoming models has already commenced, and all initiatives for both local and export markets are progressing as planned.
He confirmed that preliminary work on two new vehicles has already started.
As part of its expansion strategy, Nissan aims to boost its production capacity in India to 200,000 vehicles by the financial year 2026-27.
Approximately half of this output, around 100,000 units, is anticipated to be exported to international markets.
This announcement coincides with Nissan achieving a significant milestone in India, having sold over 200,000 units of its popular Magnite SUV.