Nissan is aiming to sell one lakh units in the next financial year and expecting to close the current fiscal with a sale of 50,000 units, said a top executive of the Japanese auto major.
executive of the Japanese auto major.
Takayuki Ishida, managing director of Nissan Motor India, said the company is eyeing 10 per cent market share by 2016. "We are working with a long-term target of achieving 10 per cent share in the market by FY16. The current market share is at about 1.6 per cent. We have a strategy to grow the market share by expanding the dealer network and rolling out more new models to the market," Ishida said.
Nissan, which operates the sales network through an alliance with Hover Automotive India, currently has dealership network of 90 and will expand it to 300 by the end of FY16, he added.
Replying to a query, he said the capacity of the Nissan's Tamil Nadu facility will be expanded further in two to three years, depending on the requirement. The facility, which has four lakh units per annum capacity, was jointly set up with French major Renault. Nissan currently markets six products in India with Sunny and Micra leading the sales.
READ MORE ON Nissan Motor India, one lakh units, Takayuki Ishida, market share, Hover Automotive India, Tamil Nadu , French major Renault, Micra, Sunny
ADS BY GOOGLE
video of the day
Like Bank Nifty; mkt has strong support at 7700: PhillipCap