Nissan's small car to hit market by 2014
The company will introduce the small car in the competitive and volume-driven price range of Rs 2 lakh to 4 lakh.
Geneva: Japanese car maker Nissan will launch an entry-level small car, developed in partnership with Ashok Leyland, by 2014 that could be priced around Rs 2 lakh to Rs 4 lakh.
"We are working on multiple options of price-entry vehicles for the Indian market. One of them is being developed with engineering department of Ashok Leyland. This car will be launched around 2014," Nissan Motor Executive Vice President Andy Palmer told PTI at the 82nd Geneva Motor Show here.
The company will introduce the small car in the fiercely competitive and volume-driven price range of Rs 2 lakh to Rs 4 lakh, he added.
He, however, did not share details such as engine strength.
Currently, the company sells only one small car 'Micra' in India in both petrol and diesel engines. According to its official websites, the car is priced between Rs 4.14 lakh and Rs 6.26 lakh (ex-showroom, Delhi).
Currently, Nissan has a joint venture with Ashok Leyland to produce light commercial vehicles for the Indian market.
Earlier, Ashok Leyland had said it would not enter the passenger car segment and would limit its association with the Japanese firm to only commercial vehicle space.