It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures
Nissan's quarterly sales performance was also hurt by stronger-than-expected US demand for hybrids, Uchida said, a trend that has especially benefited rival Japanese automaker Toyota
Nissan Motor India on Thursday said it is voluntarily recalling Magnite units produced between November 2020 and December 2023 for a retrofit of front door handle sensors. The company did not share the number of affected units. This proactive and mandatory preventive action impacts the base XE and mid XL variants only, with no impact to the safety of customers, the automaker said in a statement on its website. All Nissan Magnite units manufactured after December 2023 remain unaffected, it added. The automaker said it will begin notifying the owners of the affected vehicles and assured them that they can continue using their vehicles without interruption. Customers can visit their nearest authorised Nissan service workshop, where a retrofit of the sensor will be performed free of charge, it added. Nissan Magnite is a five seater compact sports utility vehicle.
That helped the automaker increase sales by 19% year-on-year to 247,000 vehicles in the final three months of last year, he said
Nissan Motor India on Monday said it has appointed Saurabh Vatsa as the Deputy Managing Director with immediate effect. He will report to Managing Director Rakesh Srivastava and support in implementing the company's ongoing transformation roadmap, the automaker said in a statement. The appointment is reflective of the company's transformation plan to meet the opportunities and challenges ahead for the automotive industry in India, it added. Vatsa joins Nissan from Stellantis, where he was a member of the Stellantis leadership team and spearheading the Citroen brand since its inception in India. "His (Vatsa) appointment underpins our commitment to invest USD 600 m USD (Rs 5,300 crore) in India as part of the Alliance and introduce more products for the Indian consumer as part of the transformation plan," Nissan India Operations President Frank Torres said.
It raised its full-year forecast by nearly 13% to 620 billion yen due to a favourable impact of a weak yen and improvements in global retail sales, excluding China
French automaker's alliance with Renault SA plans to invest Rs 5,300 cr in India
But with the advent of EVs, firms like MG Motor India Pvt, the local unit of China's SAIC Motor Corp., Renault SA, Nissan Motor Co. and Volkswagen AG may finally gain a better foothold
By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026
It will take longer than expected for Nissan's automobile division to recover from wavering sales and production, S&P said in a statement Tuesday
Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, from a previous goal of 50%
Nissan Motor has committed an investment of over Rs two crore to upgrade the infrastructure at the medical college and hospital in neighbouring Chengalpet district, the company said
Warrants targeting Ghosn concerns a wide spectrum of allegations ranging from his interactions with Omani car distributor to corporate spending on various events and trips that may have been personal
The Renault-Nissan-Mitsubishi automobile alliance on Thursday announced its 2030 global roadmap that focuses on pure electric vehicles (EVs)
Nissan has posted two straight years of losses since executive was arrested on charges of financial misconduct.
Appearing for the first time since they were extradited to Japan from the U.S. earlier this year, Michael Taylor, 60, and Peter Taylor, 28, listened as the prosecutor read out the charges.
TOKYO (Reuters) - Nissan Motor Co Ltd <7201.T> on Monday blasted suggestions in media reports of a conspiracy within the company to oust former chairman Carlos Ghosn.
As part of the settlement, the Japanese automaker is expected to receive between Rs 14 billion ($185 million) and Rs 18 billion ($238 million)
The recall covers the Nissan Murano SUV from 2015 through 2018, and Maxima sedans from 2016 through 2018
Years of heavy discounting and fleet sales, particularly in the United States, has left Nissan with a cheapened brand image and low vehicle resale value as well as dented profit.