Nissan to launch auto production in India

TOKYO (AFP) – Japan’s second largest automaker Nissan Motor plans to invest some 840 million dollars in construction of auto factories in India, a newspaper said.

…The factory will turn out one-liter-class subcompacts, the daily said. Some 30 percent of the vehicles will be sold in India with the remaining 70 percent to be exported to Europe and other markets.

The number of models produced will be gradually expanded, with plans to eventually bring total output to around 400,000 units, it said.

Nissan, which currently only exports some 200 vehicles to India from Japan a year, will work on developing a dealership network and eventually open about 100 branches in major urban areas by 2010, the Nikkei said.

AFP