Nissan, in collaboration with the Renault Nissan Alliance, has announced plans to launch four new products as part of its strategy to expand its product portfolio. The Renault Nissan Alliance has made significant investments in India, with the Chennai plant playing a crucial role in manufacturing. The facility currently operates in two shifts and produces 480 cars per day. The alliance has invested USD 1.8 billion in India so far, and the Chennai plant alone produces 2.7 million cars per year, with 1.2 million of them being shipped to over 100 countries. This move is aimed at strengthening the presence of the Nissan and Renault brands in the Indian market and meeting the growing demand for their vehicles [f8823eaa].
This development aligns with Nissan's medium-term business plan, 'The Arc', which aims to debut 30 new models by 2027. The plan includes a focus on electrified vehicles, with 16 of the new models being electrified, half of which will be battery-electric powered. Nissan aims for electric vehicles (EVs) to account for around 20% of its global sales within the next three years, and it plans for electrified models to make up 60% of its global sales by the end of the decade. The company also intends to reduce the cost of EV production by 30% by the end of the decade. The plan encompasses partnerships, enhanced EV competitiveness, differentiated innovations, and new revenue streams. Nissan will tailor its strategy to meet the specific needs of different regions. In the Americas, Nissan aims to increase sales by 330,000 units and invest $200 million in integrated customer experience in the United States. In China, the company plans to launch eight new-energy vehicles and achieve one-million-unit sales in fiscal year 2026. In its home market of Japan, Nissan aims to achieve a 70% electrified level within its passenger vehicle portfolio and increase sales by 90,000 units. Across Africa, Europe, India, the Middle East, and Oceania, Nissan aims to increase sales by 300,000 units. The plan also includes initiatives to accelerate the development of vehicle intelligence technologies and offer enhanced battery technology. Nissan is confident in its ability to execute the plan and believes it will provide a solid foundation to bridge to its Nissan Ambition 2030 vision [55885a7b].
The Renault Nissan Alliance's expansion of its product portfolio in India reflects the alliance's commitment to the Indian market and its recognition of the country's potential for growth. By launching four new products, Nissan and Renault aim to cater to the diverse needs and preferences of Indian consumers. The alliance's investment in India and the production capacity of the Chennai plant demonstrate its long-term vision for the market. With this expansion, the alliance hopes to strengthen its position in India and capitalize on the increasing demand for its vehicles [f8823eaa].