Japanese automotive company Nissan today said it is evaluating a number of possible segments wherein it expects to offer its cars, as it is keen to take a market share of 5 per cent in India over the next three years.

The company, which is working on a small car on the versatile common module platform, expects to introduce it and further expand its presence in the country’s small car market.

Arun Malhotra, Managing Director, Nissan Motor India, said Nissan being the fourth largest carmaker globally plans to make India its next big market.

“We are a late entrant in India but have invested ₹4,500 crore in manufacturing facility. Last year, we exported over one lakh units, with Nissan Micra being the single biggest model to be exported from India. This only shows that we are on track to achieving our planned growth,” he said.

“There are a number of segments where we can possibly introduce our new cars. However, in a market, which is extremely cost conscious, we would come out with appropriate models. Even though we have a number of models in sports utility vehicle segment, we are cautious as they are all in higher price band. Therefore, we would develop and introduce products specific to India,” he explained.

Inaugurating its fifth dealership, Vibrant Nissan at Gachibowli in Hyderabad, its fifth in the city, he said “Nissan is aiming to set up 300 sales and service touch points across the country by end of FY-16.”

This is one more step by Nissan to strengthen its dealership network in India as it aims at 5 per cent market share in India.

Nissan together with its global alliance partner Renault has set up a manufacturing plant and a Research & Development Centre near Chennai for India and global markets.

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