Renault-Nissan inaugurates its new plant in Chennai
Published on Thu, Mar 18, 2010 at 11:24 | Source : CNBC-TV18
Updated at Thu, Mar 18, 2010 at 11:34
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Renault-Nissan inaugurates its new plant in Chennai
Automaker Renault Nissan's CEO Carlos Ghosn inaugurated a new plant in Chennai yesterday, which ramps up the company's capacity in India quite dramatically.
Automaker Renault Nissan's CEO Carlos Ghosn inaugurated a new plant in Chennai, which ramps up the company's capacity in India quite dramatically.
Nissan is looking at manufacturing a second low cost car between Rs 2 and 4 lakh. Speaking at a conference in Chennai, Ghosn said the company wants to develop another small car in India for which it does not rule out partnering with Bajaj Auto. Ghosn clarified that Renault's major thrust will remain in the base affordable car segment.
Production of the first low-cost car Micra at the Renault-Nissan plant is likely to begin from May 2010, he said. Micra will be priced at Rs 4 lakh. Renault-Nissan alliance will start selling Micra hatchbacks from July and aims sales of 80,000 units in the financial year ending March 2011, an official said. According to plans, Micra will be exported to Europe, Africa, Middle East from Chennai. In India, the company aims to to achieve 1 lakh units sales by 2012.
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Automaker Renault Nissan's CEO Carlos Ghosn inaugurated a new plant in Chennai, which ramps up the company's capacity in India quite dramatically. 
