New Delhi, Oct 18 (UNI) Nissan Motor India Private Ltd (NMIPL), a wholly-owned subsidiary of Japan's third-largest automaker Nissan Motor Co, today said it has signed a Memorandum of Understanding (MoU) with Ennore Port Ltd (EPL) to export its vehicles.
Nissan Motor India, which will be the first automaker to utilise this port in Tamil Nadu as an export base, plans to export about 1,10,000 units in fiscal year 2011 and later increase shipments to 1,80,000 vehicles, a company statement said.
The local unit of Nissan Motors will begin exporting vehicles, primarily to Europe, commencing the second half of 2010.
''Ennore Port meets all of Nissan's requirements to export vehicles,'' company Managing Director Shouhei Kimura.
He added that the company is looking forward to a cooperative and successful working relationship with EPL to achieve the highest level of on-time delivery at competitive costs.
EPL will complete development of a berth with space of 140,000 square meter for vehicles by the end of June 2010 and give NMIPL priority to use the newly developed marine facilities.
Exports will include models, such as the next generation of Micra, which will be built on Nissan's new A-platform.
The development of a competitive A-platform is one of several business breakthroughs announced as part of Nissan GT 2012, the company's new five-year business plan.
India is one of the five leading competitive countries (LCCs) to produce and export the new A-platform models in Nissan's global manufacturing network.
Models will be available in the local market as well.
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