April 10, 2009 10:51:26 am
Japanese auto major Nissan,which is setting up a Rs 4,500-crore car-manufacturing facility with Renault in Chennai,said that the project is on schedule and that its first car would roll out before summer 2010.
“There is no delay,our plans are on track and Nissan India will come out with its next-generation A-segment car — Micra — on schedule before summer 2010,” Nissan Motor India’s Managing Director and CEO Kiminobu Tokuyama said in Mumbai.
The 50:50 joint venture between Nissan and Renault at Oragadam near Chennai,will have a capacity to manufacture four lakh cars annually and Nissan will initially produce two lakh cars,which it then proposes to scale-up to manufacture up to three lakh cars in about four years time.
The Micra hatchback car is named March in Japan and the Indian version would be christened either Micra or March,he said.
As of now the joint venture stands,though Renault,which was to originally roll out its models by mid-2010,has not yet indicated when it would now launch its vehicles from the facility.
“As of now,we only know that their launch has been postponed,” Tokuyama said.
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