Under the new plan, which is split into mid-term imperatives for fiscal years 2024 through 2026, and mid-long-term actions to be carried out through 2030, the company is targeting additional 10 lakh unit sales compared to fiscal year 2023.
Globally, Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be ICE (international combustion engine) models, to meet the diversified customer needs in markets where the pace of electrification differs, the company said.
It plans to launch a total of 34 electrified models from fiscal year 2024 and 2030 to cover all segments, with the model mix of electrified vehicles expected to account for 40 per cent globally by fiscal year 2026 and rise to 60 per cent by the end of the decade.
In India, the company said it would “launch three all-new models and become a hub for exports, at a level of 1,00,000 units”.
The company on Monday launched ‘The Arc’, its new business plan to drive value and strengthen competitiveness.”The Arc plan shows our path to the future. It illustrates our continuous progression and ability to navigate changing market conditions. This plan will enable us to go further and faster in driving value and competitiveness. Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability,” Nissan President and Chief Executive Officer Makoto Uchida said.The Japanese auto maker also said it will harness strategic partnerships to stay competitive and offer a global portfolio of products and technology.
“Nissan will continue to leverage the alliance with Renault and Mitsubishi Motors in Europe, LATAM, ASEAN and India,” it added.
The company has a wholly-owned arm, Nissan Motor India Pvt Ltd (NMIPL), which was incorporated in 2010 and serves both domestic and export markets.
Its manufacturing operations are through the alliance plant at Chennai, run by Renault Nissan Automotive India Pvt Ltd (RNAIPL). The plant has an installed annual production capacity of 4.8 lakh units.