Car Loan News
Nissan plans to launch small car by 2009-2010
Friday,24th August 2007
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Japanese car manufacturer, Nissan, plans to launch
its small car model in the A2 segment by 2009-2010.
Auto components industry sources say that Nissan India’s small car model would compete in the A2 segment as defined by automobile body SIAM (Society of Indian Automobile Manufacturers), basically the Zen, Alto, WagonR and Swift. The car would be manufactured at the Chennai plant, which is a facility being set up in collaboration with sibling company Renault and home-grown M&M. This car is expected to be priced in the Swift and Getz price band. In February, Mahindra, Renault and Nissan had announced that they would set up a plant in Chennai with an investment of Rs 4,000 crore. The plant will produce models for all three partners and has a capacity of 4 lakh units. |
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