Nissan unveils Datsun model Redi-GO

Japanese auto major Nissan today unveiled its compact car redi-GO under the Datsun brand that will hit markets in June.

The company, however, did not announce the price of the car that will compete with the likes of Maruti Suzuki Alto and Hyundai's Eon, which are priced between Rs 2.5 lakh and Rs 4.42 lakh (ex-showroom Delhi).

"The bookings for the model would start in May and deliveries would begin in June," Nissan Motor India MD Arun Malhotra told reporters here.

Redi-GO is the company's third vehicle from under the Datsun brand in India and has come up on a brand new platform developed in India.

Last year, the automaker had launched a compact multi- purpose vehicle Go+ to add to the Go small car to expand its network in small towns to boost sales of its Datsun brand of vehicles.

In 2014, when Nissan launched the Datsun Go in India, marking the global comeback of the brand after nearly three decades, it had said it was aiming to garner 10 per cent share in the Indian passenger vehicles market by 2016.

However, last year, it had clarified that it would miss its target, but would advance the launch of a third vehicle from its Datsun brand in the country to propel growth.

Both (Nissan and Datsun) now aim to garner 5 per cent market share in India by 2020.