Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India on Saturday reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October.
The first trial consignment of six cars left for Barcelona from its Oragadam plant (near Chennai) through the Ennore Port, on Monday.
Nissan is targeting annual domestic sales and exports of 100,000 units each by financial year 2026-27.
Two Japanese auto giants, Honda and Nissan, are moving towards a potential merger, but it remains unclear how their Indian operations will be immediately impacted.
Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.
As the production of Micra, the first car from Nissan-Renault, starts at the plant by the end of May, Kiminobu Tokuyama, managing director and chief executive of Nissan Motor India Pvt Ltd, talks to rediff.com about the company's strategy for India, the recession and the auto sector in general.
The price reduction by Nissan is in the range of 4 to 6 per cent.
Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
India's passenger vehicle exports rose by 26 per cent in April-June 2022 aided by enhanced shipments to Latin America and Africa and a low base of the year-ago quarter that was hit by the second wave of COVID-19. As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle shipments rose to 1,60,263 units in the April-June period of this fiscal as compared with 1,27,083 units in the same quarter of 2021-22. Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.
The new global Sedan, 'which is the second product after the launch of Micra from Nissan stable', would be displayed at the eighth China (Guangzhou) International Automobile Exhibition, scheduled to be held in December, the company said.
The first major consignment of 3,886 Micra cars left the Ennore Port for European markets on Tuesday, Nissan Motor India said.
As per the agreement, Nissan Motor India 'can enjoy concessions in the wharfage up to 60,000 units per annum.'
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Nissan Motor India on Friday launched compact multipurpose vehicle Datsun Go+ in New Delhi, with prices starting at Rs 3.79 lakh (ex-showroom Delhi).
Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 153,149 units in December 2021 as against 160,226 units a year ago.
The vehicle will be soon available in 1.5 litre petrol version.
The company's Indian subsidiary, Nissan Motor India, is rapidly strengthening its research and development wing for the purpose.
Customers can also book the Datsun redi-GO online through Snapdeal.com
Nissan currently imports X-Trail and 370Z coupe as completely built unit.
The recently launched multi utility vehicle Nissan Evalia will not be affected, the company said in a statement without disclosing the quantum of hike.
Active starts at Rs 350,000 and the other at Rs 479,000.
Japanese auto major Nissan recently appointed Takayuki Ishida as managing director of its Indian subsidiary Nissan Motor India Private Limited (NMIPL).
"We are expecting almost doubling our sales in this financial year. We are very well on track with Micra, Sunny and Evalia. Evalia will generate a very new type of customers..", Nissan Motor India Managing Director and CEO Takayuki Ishida said.
Provides a unique weekly opportunity to get refund on the purchase and winning 500gms of gold.
As part of this exercise, the company has decided to recall over 9,600 units of its small car Micra, which were produced in India in 2011 and sold in Europe, the official added.
The wholly-owned subsidiary of the company, Nissan Motor India, will start selling the car from July, for which bookings will open from Tuesday.
Affluent Indian automobile buyers may get another brand to choose from. Nissan, Japan's third largest carmaker, is looking at the possibility of launching Infiniti, a luxury brand owned by it, in India. Known for its luxurious features and power-packed driving characteristics, Infiniti is a premium brand which competes with benchmark ones globally such as Mercedes, BMW, Porsche, Audi and Accura.
The Oragadam facility is being set up by Nissan along with its joint venture partner Renault with an investment of Rs 4,500 crore spread over seven years.
The company's wholly-owned subsidiary -- Nissan Motor India Private Ltd -- had launched the Micra in July and priced the car between Rs 398,000 and Rs 529,000 (ex-showroom, Delhi).
"Nissan is here to fulfil the diverse motoring needs of Indian customers. The car enables discerning performance car enthusiasts in the country to live fast with its breath-taking performance, cutting-edge technology and seductive design and at a very attractive price," Nissan Motor India Pvt Ltd's managing director and chief executive officer, Kiminobu Tokuyama, said at the launch.
Japanese auto maker Nissan on Wednesday said it will source auto components worth $40 million (around Rs 185 crore) from India by 2012.
It will launch nine models in the next two years.
It was only an exterior launch, not the actual car, but what he saw left Rediff.com's Rajesh Karkera hugely impressed.
Japan's Nissan Motor Corporation, which is planning to manufacture small cars from its upcoming facility near here, on Friday signed an agreement with Ennore Port (EPL) to export the cars to European markets.
Nissan Motor India is planning to launch its sports car 370Z in India by January 2010. The company has drawn up an aggressive plan for India which will see a business model comprising five locally-made cars and four imported models by 2012.
Japanese auto major, Nissan, which is setting up a Rs 4,500-crore (RS 45 billion) car-manufacturing facility with Renault in Chennai, said that the project is on schedule and that its first car would roll-out before summer 2010.
Japanese auto major Nissan said on Tuesday it expects to finalise its India plans, including setting up of a manufacturing facility, by March this year as it is still at an early stage of talks with Mahindra-Renault for a joint venture.
Nissan Motor Company Ltd on Thursday announced the operations of its wholly-owned subsidiary, Nissan Motor India Pvt Ltd, from Mumbai
Japanese auto major Nissan unveiled its compact car redi-GO under the Datsun brand that will hit markets in June.
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