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Home arrow Automotive arrow Nissan to start making Diesel engines in India next year
Nissan to start making Diesel engines in India next year Print E-mail
Written by Krishna Kumar   
Friday, 18 November 2011
Chennai: Nissan Motor Company plans to start making diesel engines in India next year. The company is setting up a diesel engine facility at its manufacturing plant in Oragadam. The engine facility will have a capacity to produce 200,000 engines. This will increase the level of localisation of Nissan's cars to about 80 percent. The plant currently rolls out Micra and Sunny models for Nissan.

The plant's existing production line is flexible, therefore diesel engines can also be manufactured without any major additional investment. The company started manufacturing 1.2 litre and 1.5 litre petrol engines at Oragadam in May 2010.

Nissan hopes to double its sales next year in India. The company expects to close the current financial year with sales of around 30,000 units. The engine facility can be scaled up to produce 400,000 engines depending on total production capacity in the car facility.

The Nissan Sunny will be the first car to get the made-in-India diesel engines.

Sunil Rekhi, chief finance officer at Nissan Motor India Pvt Ltd said that the investment in the diesel plant would be part of their overall investment of around Rs. 4,500 crore.

Nissan Motor India Pvt Ltd today announced its strategic tie-up with State Bank of India to reach out prospective customers across the regions with easy finance options. Under the agreement, State Bank of India will currently offer Nissan consumers easy financing options with an interest rate up to 100 basis points lower than the current market rate.

"Nissan has made a firm commitment to make its products accessible to more and more people across India. we are doing this by providing an ever expanding and innovative choice of vehicles across a variety of model segments, by having one of the fastest growing dealer networks in the country and now by offering flexible finance options to suit all budgets. Today’s announcement with SBI represents yet another important step in removing all barriers in owing and enjoying our products," said Sunil Reikhi.

"Through this partnership, SBI offers Nissan dealers a web based platform, which is capable of being fully integrated with the Corporate Enterprise Resource Planning (ERP) system and provide real-time online transfer of funds," said Manas Kumar Nag, Chief General Manager - SME of SBI.

 
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