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Auto | Nissan to source parts worth $40 mn from India

Auto | Nissan to source parts worth $40 mn from India
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First Published: Wed, Sep 16 2009. 10 41 PM IST
Updated: Wed, Sep 16 2009. 10 41 PM IST
Mumbai: Nissan Motor India Pvt. Ltd will source parts worth $40 million from India through 2010, a top official said on Wednesday.
Kiminobu Tokuyama, president and chief executive, Nissan India said the country will be an export hub for auto parts and vehicles. “We will be sourcing parts worth $ 20 million in the first year, and scale it up to $40 million in 2010,” he said, on the sidelines of the launch of its new Teana sedan and X-Trail sports utility vehicle.
The components will be exported to China, Japan and Thailand. The firm also said that Nissan and Renault would use a common platform to make products for the Indian market.
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First Published: Wed, Sep 16 2009. 10 41 PM IST