Nissan Motors India, a subsidiary of Japan’s Nissan Motor Co, is looking
to almost triple its sales in the domestic market to about 1 lakh
vehicles in FY14 against the 37,000-units sold during the previous
financial year.
During the year, the company will launch four models — two refresher
models and two new models — of which one will be from its Datsun brand.
The first launch could be as early as July, said Yomura. He, who is also
the Managing Director and CEO of Nissan Motors India Pvt Ltd (NMIPL),
added that the company will increase its dealer network to 145 by the
end of this fiscal. As of March 31, 2013, the automaker’s dealer network
stood at 95.
The plan is part of the company’s ambitious target of garnering 10 per
cent of the domestic passenger vehicles market by the turn of FY17.
Currently, NMIPL sells six models in India. It manufactures the
hatchback Micra, the sedan Sunny and the MPV Evalia at its Chennai
plant, which has an installed capacity of 4 lakh units a year. It
imports the other three models — the premium sedan Tenea, the high-end
SUV X-Trail and the luxury sedan 370Z.
NMIPL, which exported about 1.30 lakh vehicles in FY13, expects to maintain that number during the current fiscal as well.
Nissan, Japan's third largest automaker, will also look at investments
in improving its production capacity in India, from the existing 4 lakh
units of installed capacity.
On the relationship with Hover Automotive, which has been handling the
key functions of sales, after-sales service and marketing, he said the
company would continue to work with it. However, he ruled out picking up
a stake in Hover.
On the impact of the global recall of Micra following some brake
glitches, Yomura said the company has so far received only nine
complaints. It had sold 35,000 Micras in the domestic market.
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