Nissan's Strategic Move in India

In a significant shift in its Indian operations, Nissan has announced the sale of its 51% stake in the Chennai car manufacturing plant to its global alliance partner, Renault. Despite this move, Nissan insists it has no plans to exit the Indian market, emphasizing its commitment to boosting sales and service in the country.

Challenges and Future Plans

Nissan has faced tough challenges in India, with its market share dwindling to a mere 0.7% in FY25. The company plans to introduce new models, including a premium 5-seater SUV and a 7-seater version, alongside an under Rs 10 lakh MPV, aiming to compete in popular segments.

Renault's Ambitions in India

While Nissan adopts a cautious approach, Renault is gearing up for new investments and exploring electric vehicles in India. Renault's Global CEO, Luca de Meo, highlighted India's importance as a key automotive market for the company's future growth.