Chennai: Japanese auto-major Nissan Motor has proposed to venture into the entry level automatic passenger car market by launching the small next generation car named ‘March´ by 2010.
“It will be launched in the ‘A´ segment category in India and will have 80% of localization,” Nissan Motor India managing director Shouhei Kimura told PTI.
The car which will be one of the nine Nissan models will compete with other brands in the ‘A’ category and it would be manufactured from the company’s plant situated at Oragadam, Kimura said.
On the signing of an MOU with Ennore Port, from where Nissan would be exporting around 110,000 units by 2011, Kimura said exports would include this new model which would be built on Nissan’s new platform.
Since Ennore Port sanctioned 1,40,000 sqmt of land for exports, the company would export this car from here as well, Kimura said.
He said the development of a ´A’ platform is one of various initiatives taken as part of Nissan GT 2012, the company’s new five year business plan.