|
||||||||||||||||||||||||||||||||
|
> submit story or ask questions
> create account > FAQ > Early Years > Successful Businessman > M.P. – Lok Sabha > Railways Minister > Family & Friends > Tourism & Culture > Sports > Business & Industry > Defence > Development
Login
Membership has its privileges. Choose a username and provide a working email - that's all it takes to join. Click below to make a new account. Make a new account |
Nissan-Renault building small car for India
Section Investment Pune Posted on Wed Jan 17, 2007 at 11:21:40 PM EST
Japenese car maker Nissan is co-developing a new small car platform for developing markets along with its alliance partner Renault, joining a growing list of global car makers seeking to exploit India's strengths in the volume car business.
This new platform is specially targeted at emerging markets like India and Russia and comes as further validation of India's emerging status as a global small car hub.
Sources close to the development have indicated that Nissan and Renault are working on a small car, most likely a B segment hatchback, which is expected to be one of Nissan's flagship models in India. Further details about the new platform were not available. Easy availability of finance, increased salaries, higher proportion of double income households, a higher propensity to spend and little improvement in public transportation have led to a boom in India's mini and compact car segments.
Accounting for over 75% of passenger car sales last year, the small car segment is poised for a major expansion with a slew of new models waiting to hit the market in the next two years.
The compact car roster currently includes Volkswagen which is putting up a greenfield plant in Pune to manufacture a derivative of its Polo model and General Motors which has already rolled out the Aveo U-VA in the hot hatch segment and is working on the Chevrolet Spark to target the mainstream small car segment.
Nissan-Renault building small car for India | 0 comments (0 topical, 0 hidden)
|
| All trademarks and copyrights on this page are owned by their respective companies. Comments are owned by the Poster. The Rest (c) 2004 skalmadi.org and QBTPL, Gurgaon. |