“Nissan not to exit India, we remain strongly invested here,” says MD, Nissan India, Auto News, ET Auto

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New Delhi: Amidst speculations that Nissan India might see a shutdown, a senior firm official dominated out any winding up of its India operations and affirmed that the corporate is strongly invested. Speculations ran excessive when the corporate discontinued the Datsun brand in India, 9 years after it kicked off the marque’s international relaunch within the nation.“As a part of Nissan’s international transformation technique, Nissan India is specializing in core fashions and segments that convey essentially the most profit to prospects, vendor companions and the enterprise. We will reassure all current and future Datsun homeowners that buyer satisfaction stays our precedence, and we are going to proceed to offer the very best ranges of after-sales service, elements availability and guarantee assist from our nationwide dealership community,” Rakesh Srivastava, Managing Director, Nissan India, instructed ETAuto. Emphasizing that the corporate is strongly invested in India, Srivastava stated “Underneath the corporate’s international transformation plan Nissan NEXT, Magnite is the primary automobile launched in India in 2020 and is delivering excessive aspirational worth. It crossed the milestone of 1 lakh-plus buyer bookings with 50,000 manufacturing roll-out in March 2022.” He highlighted that its common compact SUV at the moment has above 18,000 pending customer-booking on a ready interval of 5-6 months. Albeit Magnite’s first rate demand, it’s no secret that the corporate is in a dangerous state in India. Its virtually two decade-long-journey in India has been a dreadful run each when it comes to market share and footprint enlargement. With its sole manufacturing plant in Chennai, Nissan India at the moment holds a market share of lower than 1%. “We’re servicing the shopper demand within the home and 15 export markets by means of our manufacturing plant in Chennai, with robust efforts maximizing manufacturing within the face of challenges of semiconductor shortages and Covid-19,” Srivastava stated. The discontinuation of Datsun become a political subject when senior Congress leaders claimed Nissan itself had shut down its operations within the Indian market. Former Union minister and chief of opposition in Rajya Sabha Mallikarjun Kharge on Monday tweeted Nissan had joined “Ford, Common Motors, Fiat, United Motors, Premier Cars and Harley Davidson” in stopping enterprise in India.“One after one other, these vehicle majors have stop India on account of ‘sleaze of enterprise’ and fall in incomes. Nobody has failed the Indian economy and embarrassed India internationally as BJP,” he added. Previous to this, Udit Raj, a former Member of Parliament tweeted on Sunday that “Japanese automobile firm Nissan goes to be closed in India. One after one other multinational firms are quitting India.”

Additionally Learn:Nissan itself could also be prepared to purchase a number of the 1.83 billion shares within the Japanese automaker that Renault owns, in accordance with the folks, who requested to not be recognized as a result of the discussions aren’t public. Renault may search different acquirers for a portion of its 43% stake in Nissan, the folks stated.



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