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$3,000 car to boost India profits: Nissan

$3,000 car to boost India profits: Nissan
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First Published: Thu, Apr 15 2010. 10 54 PM IST
Updated: Thu, Apr 15 2010. 10 54 PM IST
Tokyo: Nissan Motor Co. Ltd’s planned $3,000 (Rs1.33 lakh) car for the Indian market will increase the company’s profitability as it takes advantage of its local partner’s low-cost production techniques, Gilles Normand, Nissan’s corporate vice-president in charge of Africa, West Asia and India, said in an interview.
“In talks with Bajaj Auto Ltd, we discovered that their margin on three-wheeler activities is by far above our current margin on our four-wheeler activities,” Normand said. “The low-cost car will contribute to our growth in terms of volume and profitability.”
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First Published: Thu, Apr 15 2010. 10 54 PM IST
More Topics: Nissan | Auto | Small car | Leaf | Bajaj Auto |