Chennai, Feb 22 (UNI) Car Major Nissan today said it will have eight models in the country by 2012, of which four of them would be from its new JV facility with Renault, which will operational in 2010.
Talking to reporters after signing an MoU with the Tamil Nadu Government for setting up a greenfield automotive faclity at Oragadam near here in association with Renault, Nissan Executive Vice-President Carlos Tavares said at present the company has two model of cars in India.
''By 2012, we will have eight models, including entry level cars, commercial vehicles and later manufacturing higher-end Sedans. Half of this -- four models -- will be from the new facility in Chennai, to cross 100,000 sales in India,'' he added.
He said Nissan Murano, a premium product, would also be launched in future.
To begin with Nissan will manufacture compact cars.
''It's important to start with high volume products. Initially we will produce compact cars and progressively go for larger cars,'' he added.
He said while stamping and painting would be common, both Nissan and Renault would have different production lines as the new plant would have an installed capacity to produce 400,000 cars per year, to be shared on 50:50 basis.
Mr Tavares said it was a matter of regret that one of the earlier partners Mahindra and Mahindra stepped out of this due to strategic reasons last year.
''We have overcome some delays because of this. Even without local partners, we are confident of going ahead, thanks to the support from the Tamil Nadu Government.
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