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Japanese automaker Nissan on Thursday said it is looking to expand presence in India with the introduction of three new models over the next 14-16 months. The automaker, which on Thursday revealed the name of its upcoming seven-seater model as 'Gravite', is also looking to expand its sales network from 155 to 250 outlets by the end of the financial year. The company's product roadmap includes the launch of the Gravite MPV in early 2026; followed by the mid-sized SUV Tekton in mid-2026 and a seven-seater SUV in early 2027. "The upcoming line-up -- shaped by global insights yet deeply attuned to the needs of Indian customers -- reflects our commitment to this dynamic market. With new models developed in and for India, and exports to several international markets, India remains both a growth driver and a strategic hub for Nissan Alliance," Nissan AMIEO (Africa, Middle East, India, Europe & Oceania) Chairperson Massimiliano Messina said. India continues to be a strong contributor to ..
Money-losing Japanese automaker Nissan is banking on its latest e-Power technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp. Prius. It's different from a Prius in that it doesn't switch back and forth between the motor and engine during the drive. That means the car always is running on its EV battery, ensuring a quiet, smooth ride. Nissan has a proud history of pioneering innovative technology that set us apart, Chief Technology Officer Eiichi Akashi told reporters on the sidelines of a test drive at its Grandrive course outside Tokyo. The advantage of e-Power vehicles is that they never need to be charged like EVs do. The owner just fuels up at a gas station and the car never runs out of a charge. Nissan Motor Corp., which racked up a USD 4.5 billion loss for the fiscal year through March, sorely needs a hot-seller, especially in the lucrative North American market. But the US mark
Nissan is slashing about 15 per cent of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss for the fiscal year that just ended amid slipping vehicle sales in China and other nations. Nissan Motor Corp said it will reduce the number of its auto plants to 10 from 17, under what it called its recovery plan to carry out decisive and bold actions to enhance performance and create a leaner, more resilient business that adapts quickly to market changes. The Yokohama-based automaker said US President Donald Trump's tariffs on auto imports also hurt its results. Nissan is aiming to reduce its costs by 250 billion Yen (USD 1.7 billion) during the next fiscal year compared to the fiscal 2024 results that just ended in March. Nissan racked up a loss of 670.9 billion Yen (USD 4.5 billion) for the fiscal year through March, down from a 426.6 billion Yen profit recorded the previous fiscal year. Restructuring costs also hit its bottom line. Chief Financia
The van makes its way slowly but surely through the city streets, braking gently when a car swerves into its lane. But its steering wheel is turning on its own, and there's no one in the driver's seat. The driverless technology from Nissan Motor Corp., which uses 14 cameras, nine radars and six LiDar sensors installed in and around the vehicle, highlights Japan's eagerness to catch up with players like Google's Waymo that have taken the lead in the US. Japan, home to the world's top automakers, has not kept pace with the global shift to autonomous driving, so far led by China and the US But momentum is building. Waymo is going to land in Japan this year. Details haven't been disclosed, but it has a partnership with major cab company Nihon Kotsu, which will oversee and manage their all-electric Jaguar I-PACE sport-utility vehicles, first in the Tokyo area, still with a human cab driver riding along. During Nissan's demonstration, the streets were bustling with other cars and ...