Updated: March 24, 2010 19:09 IST

No plans on electric cars for India: Nissan

print   ·   T  T  
Mr. Kiminobu Tokuyama, MD & CEO, Nissan Motor India (P) Ltd. File Photo: M. Periasamy
Mr. Kiminobu Tokuyama, MD & CEO, Nissan Motor India (P) Ltd. File Photo: M. Periasamy

Nissan Motor India has no immediate plans to come out with an electric car in Indian market, a top company official said on Wednesday.

Though the company has worked out to design electric cars suitable to UK and US markets, there was no specific timeframe for Indian market, Kiminobu Tokuyama, CEO and Managing Director of the company, told a press conference.

Moreover, there were no incentives from the Indian Government and unless the company gets a specific signal from authorities, it would not venture into this, Tokuyama said.

Nissan has ‘exciting plans’ to increase its footprint in India by being a strategic base for production, sale and exports, he said.

Stating that the company has set a manufacturing and sales target of one lakh cars in India by 2013, he said in the next seven years the company would manufacture four lakh cars in a year at Chennai plant, which was commissioned last week.

He said the production capacity at present was two lakh units in a year and employees strength would be increased from the present 1,500 to more than 3,000 in two years.

Asked about competition and product plans, Tokuyama said the company would line up nine models by 2012, of which five models would be produced in India and four would be the imports from Japan. Besides, the company would export vehicles from India to more than 100 countries like Europe, Middle East and Africa, he said.

More In: Business | Companies




Commodity prices

Take a look at the prices of various commodities in Chennai here»



Recent Article in Business founders invest in Urban Ladder

Silicon Valley entrepreneurs Anand Rajaraman and Venky Harinarayan invest in Urban Ladder »