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Nissan to roll out India's first hybrid SUV by end of current financial year

India: Japanese passenger car manufacturing Company Nissan motors will roll out X-Trail Hybrid, India first fully hybrid sport utility vehicle (SUV), by the end of the current financial year. Nissan will be introducing its best technology in India which will improve the brand share of the company.

According to the, “Guillaume Sicard” president, Nissan India operations, “X-Trail Hybrid, worldwide popular sport utility vehicle (SUV), especially in the United States, will be built in India in CBU (completely built unit) form and will be imported from Japan”. X-Trail Hybrid SUV powered by petrol and electric engines will give the mileage of over 20 km per litre and presently undergoing testing in India.

Nissan motors has sold around 40,000 passenger cars last year in India and believes to witness increase in this numbers in current year. "Company aim is to reach around 5% market share in India passenger car market by 2020, which would be around 250,000 passenger cars. Nissan has plans to introduce one new Passenger car model for Indian market every year, said “Guillaume Sicard”.

According to the, company spook person, during the last five years, Nissan has invested around USD916 Million in India and would continue to make investments in India. Currently, Nissan has one plant in India, located at Chennai, Tamilnadu. The plant has a capacity to manufacture around 480,000 passenger cars per year and the company is currently utilising 80% of its production capacity. Company hopes to reach full capacity in the next couple of years.

According to a recent report published by TechSci Research, India Automotive Brake Pads, Shoes, and Linings Market Forecast and Opportunities, 2020” Automotive industry is one of the main pillars of industrial development in India. India is the seventh largest vehicle producer in the world, with an average annual production of more than 22 million vehicles in 2015. India is also the third largest automotive market in Asia, after Japan and China. At present, almost all major global automobile manufacturers are operating in India. Rising production and sales of passenger cars, two wheelers, light commercial vehicles, medium & heavy commercial vehicles three-wheelers and off-the road (OTR) vehicles in the country, have established the country as one of the leading automotive and brake friction markets as well.

As per TechSci Research, Upcoming launch of Nissan, X-Trail Hybrid, SUV segment car in India automobile market, would further expand company’s penetration in India passenger car market eventually increasing the market share of the company.

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