Santanu Choudhury, Bloomberg
New Delhi: Nissan Motor Co., Japan’s third- biggest automaker, plans to make cars and utility vehicles in India to meet demand for private transport in Asia’s fourth- largest economy.
Nissan may make the vehicles at Chennai in sourthern India, Chief Executive Officer Carlos Ghosn said today at Nashik, a western Indian town in Maharashtra state.
Nissan, Renault SA and India’s Mahindra & Mahindra Ltd will build a factory in Chennai, in the state of Tamil Nadu, to open in the second half of 2009 and reach annual production capacity of 400,000 vehicles within seven years, the automakers said on a conference call on 26 February. The project will include a powertrain plant for Renault and Nissan.