Business Standard

Page 2 - Nissan

Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact

The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said

Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact
Updated On : 26 Jul 2023 | 11:35 PM IST

Nissan, Renault to announce restructured alliance deal in days: Report

That timeline slipped when senior Nissan executives and some directors challenged detailed provisions of deal and the benefits and protections for Nissan's intellectual property

Nissan, Renault to announce restructured alliance deal in days: Report
Updated On : 19 Jul 2023 | 11:28 AM IST

Carlos Ghosn sues Nissan, connected individuals over his 2018 ouster

The arrest of Ghosn, 69, sent shockwaves through the global auto industry and unleashed turmoil within Nissan that continues to this day

Carlos Ghosn sues Nissan, connected individuals over his 2018 ouster
Updated On : 20 Jun 2023 | 1:47 PM IST

Nissan operations chief Gupta, once seen as CEO candidate, to leave company

Nissan plans to announce a new executive line-up on June 27, coinciding with his departure, it said in a statement

Nissan operations chief Gupta, once seen as CEO candidate, to leave company
Updated On : 16 Jun 2023 | 8:07 AM IST

Nissan rolls out Magnite SUV, marks milestone of 100,000 units at TN plant

Japanese automaker Nissan Motor India has rolled out its one hundred thousandth unit of the popular compact sports utility vehicle 'Magnite' from its joint venture plant in Chennai, the company said on Tuesday. Renault Nissan Automotive India Pvt Ltd commenced operations in 2010 at Oragadam about 45kms from the city. Spread across 600 acres of land, the facility caters to both the domestic and export requirements of Renault and Nissan. A red colour Magnite was flagged off by company executives at the factory, marking the one lakh milestone. "This production milestone achievement underscores Nissan Motor India's commitment in delivering high-quality products and services that exceed customer expectations," a company statement said. Nissan Motor India launched the Magnite in December 2020. "The production of the 100,000th Magnite is testimony to Nissan's brand promise of providing its customers products that are high on value, safety and strong customer service, making it a global ..

Nissan rolls out Magnite SUV, marks milestone of 100,000 units at TN plant
Updated On : 06 Jun 2023 | 5:26 PM IST

Nissan reports surging profit amid strong sales, easing chip crunch

Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Nissan Motor Co.'s net profit for the fiscal fourth quarter totalled 106.9 billion yen (USD 798 million), up dramatically from 14.2 billion yen a year ago. Quarterly sales jumped 36 per cent to 3.097 trillion yen (USD 23 billion), amid an easing of the supply shortage of computer chips and other parts, which had been caused by social restrictions related to the coronavirus pandemic. Chief Executive Makoto Uchida told reporters the automaker was preparing all-solid-state batteries for its electric models, as the world makes a rapid shift toward green zero-emissions technology. He acknowledged serious challenges remained but promised to boost Nissan's profitability, especially in key markets like China. A midterm plan will be outlined later this year to transform Nissan into a truly healthy and ...

Nissan reports surging profit amid strong sales, easing chip crunch
Updated On : 11 May 2023 | 4:32 PM IST

Nissan in talks to boost its UK plant as Renault haggling continues

The UK has been struggling to attract investment from the auto industry in the aftermath of Brexit

Nissan in talks to boost its UK plant as Renault haggling continues
Updated On : 10 May 2023 | 8:39 PM IST

Renault Nissan inks agreement with Kamarajar Port for car shipments

So far, over more than 13 years, the Alliance has exported over 1.15 million cars from Kamarajar Port to around 108 global destinations

Renault Nissan inks agreement with Kamarajar Port for car shipments
Updated On : 20 Mar 2023 | 2:02 PM IST

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%

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

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%
Updated On : 09 Mar 2023 | 10:55 AM IST

S&P Global Ratings cuts Nissan's credit rating by a notch to junk status

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

S&P Global Ratings cuts Nissan's credit rating by a notch to junk status
Updated On : 07 Mar 2023 | 11:48 PM IST

Nissan plans to develop left-hand drive 'Magnite'; to step up exports

Nissan launched the Magnite in December 2020 and since then has logged in bookings of about 100,000

Nissan plans to develop left-hand drive 'Magnite'; to step up exports
Updated On : 05 Mar 2023 | 3:41 PM IST

Nissan raises global electrified car sales targets; to boost US input

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, up from a previous goal of 50%

Nissan raises global electrified car sales targets; to boost US input
Updated On : 27 Feb 2023 | 6:30 PM IST

Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models

Alliance announces country plan to increase production, scale up research and shift to carbon-neutral manufacturing

Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models
Updated On : 14 Feb 2023 | 12:53 AM IST

Japan's Nissan reports 55% jump in profits as chip shortages decline

Nissan reported a 55% jump in October-December profit Thursday, as the Japanese automaker seeks to embark on a less bumpy journey with its French alliance partner Renault. Profit for the quarter at Yokohama-based Nissan Motor Co. totaled 50.6 billion yen ($386 million), up from 32.7 billion yen the previous year. Quarterly sales surged 29% to 2.8 trillion yen ($21 billion), as a shortage of computer chips that has slammed the world's automakers gradually eased, according to Nissan. The crunch was caused by COVID-19-related lockdowns and other restrictions, which hindered Nissan's ability to deliver vehicles to customers. Some buyers were waiting for a year for their Z sportscar or Ariya sport utility vehicle, said Chief Operating Officer Ashwani Gupta. We really don't want our customers to wait this long, he told reporters. The rising cost of raw materials, inflation pressures and volatile currency exchange rates have added to the risks for the auto industry, including Nissan. N

Japan's Nissan reports 55% jump in profits as chip shortages decline
Updated On : 09 Feb 2023 | 3:07 PM IST

Renault, Nissan unveil details of major shake up to 24-year-old alliance

Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance, the media reported.

Renault, Nissan unveil details of major shake up to 24-year-old alliance
Updated On : 06 Feb 2023 | 6:39 PM IST

Nissan Motor India's total wholesales rise 28% to 8,991 units in Dec 2022

Nissan Motor India on Monday reported a 28 per cent rise in total wholesales at 8,991 units in December 2022. The company had sold a total of 7,026 units in the same month a year ago, Nissan Motor India said in a statement. Domestic sales were down 32.89 per cent last month at 2,020 units as compared to 3,010 units in December 2021, it added. However, exports grew by 73.6 per cent at 6,971 units over 4,016 units in the year-ago month. "The year has been challenging on the supply side, customer interest has been strong specially in the festive period. The higher purchasing power of the customers is driving interest towards aspirational products," Nissan Motor India Managing Director Rakesh Srivastava said.

Nissan Motor India's total wholesales rise 28% to 8,991 units in Dec 2022
Updated On : 02 Jan 2023 | 4:27 PM IST

Nissan lines up three SUVs for India entry; X-Trail launch confirmed

Juke, which was also showcased on Tuesday, is currently being evaluated for the Indian market

Nissan lines up three SUVs for India entry; X-Trail launch confirmed
Updated On : 18 Oct 2022 | 11:24 PM IST

Japanese automaker Nissan says it is pulling out of Russia amid war

Japanese automaker Nissan Motor Co. said on Tuesday that it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia's Central Research and Development Automobile and Engine Institute, or NAMI. The sale includes Nissan's factory and R&D facilities in St. Petersburg and its sales and marketing centre in Moscow, it said. The company will operate under a new name. Nissan did not give a dollar value for the sale but said it would log a 100 billion yen (USD 680 million) impact" from its exit from Russia. While we cannot continue operating in the market, we have found the best possible solution to support our people," Nissan President and CEO Makoto Uchida said in a statement. Nissan began making SUVs in St. Petersberg in 2009. It suspended manufacturing in Russia in March after the invasion of Ukraine. The company said the terms of the sale give Nissan the option to buy back it

Japanese automaker Nissan says it is pulling out of Russia amid war
Updated On : 11 Oct 2022 | 10:50 PM IST

Nissan eager to leverage US tax credit on electric vehicles: Report

Nissan will more aggressively push electric vehicles to take advantage of a new US law that gives up to USD 7,500 in tax credits, the Japanese automaker said on Friday. President Joe Biden signed the landmark climate change and health care bill into law last month. The tax credit can be used to defray the cost of purchasing an electric vehicle that's made in the US. The Nissan Leaf electric car is among the models that qualifies, but, under the law, the vehicles must contain a battery built in North America with minerals mined or recycled on the continent to be eligible. Chief Sustainability Officer Joji Tagawa acknowledged the qualification process was complex, while stressing Nissan was eager to take advantage of the law to alleviate costs to the customer. We are in the process of making a thorough analysis at the moment, he told reporters in an online briefing, noting details of what Nissan might do were still undecided. Tesla models, as well as the Ford F Series electric picku

Nissan eager to leverage US tax credit on electric vehicles: Report
Updated On : 02 Sep 2022 | 12:20 PM IST

Nissan reaches significant export milestone of 1 mn 'Made in India' cars

Car maker Nissan Motor India has achieved a milestone of shipping out one million cars to different overseas markets, said the company.

Nissan reaches significant export milestone of 1 mn 'Made in India' cars
Updated On : 29 Jul 2022 | 11:20 PM IST