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Rediff.com  » Business » Nissan starts India operations

Nissan starts India operations

June 16, 2005 17:29 IST
Nissan Motor Company Ltd on Thursday announced the operations of its wholly-owned subsidiary, Nissan Motor India Pvt Ltd, from Mumbai.

"We see great potential for Nissan in the Indian market and expect India to be one of the key contributors to Nissan's growth in the future," Yoshie Motohiro, managing director of NMIPL, said in a statement.

NMIPL was established in February this year with a capital investment of Rs 4.2 crore (Rs 42 million).

It is responsible for the import of Nissan vehicles and spare parts, as well as the sales, marketing, and distribution and after-sales support of Nissan's products in India.

The company has 11 employees. Nissan currently has five independent dealers in India, one each in Mumbai, Chennai, New Delhi, Bangalore and Hyderabad.

The Bangalore and Hyderabad dealers started their business in May. Nissan entered the Indian passenger car market in August 2004 with the launch of SUV X-Trail. The model has sold over 130 units the fiscal year ended March 31, 2005.

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