Delhi: Japan's Nissan Motor is said to be eyeing
India's growing small and compact car market. The company
plans to manufacture compact cars from its Chennai facility,
currently being set up under a three-way joint venture
(JV) with Renault and Mahindra & Mahindra.
presence in India at the moment is limited to sports
utility vehicles (SUVs) and luxury sedans. Recently
Nissan introduced its luxury sedan Teana priced at Rs20.47
lakh ex-showroom Delhi, Chennai, Banglore and Hyderabad,
and slightly higher at Rs 20.67 lakh in Mumbai.
luxury sedan Teana is targeted at the growing high-end
car market in the country.
The company's Chennai plant will go onstream in two
years. In this period the company will look at enhancing
its portfolio of imported cars through the completely
built-up unit route.
The luxury sedan
Teana would be fully imported from Nissan's Kyushu plant
in Japan, and is powered by a 2.3 litre petrol engine.
This is the company's second offering for the Indian
market after its sports utility vehicle 'X-trail'.
Teana will compete against the Honda Accord and Toyota
Camry which are priced similarly.