Car project with Bajaj on track: Nissan

Reuters
Posted: Friday, Jan 09, 2009 at 1445 hrs IST
Updated: Friday, Jan 09, 2009 at 1445 hrs IST

Font Size

Feedback

Discuss

Mahindra eyes Rs 500 crore turnover M&M hints at price hike on surging input costs Toyota mulls setting up engine plant in India Maruti to launch van to replace Versa

Mumbai: A project between Japan's Nissan Motor and Bajaj Auto to build a low-cost car in India is on track, but the company is assessing the market potential, the Japanese firm's India head said on Friday.

"We are checking the visibility of the market. Our first priority is to maintain cash flow," Shouhei Kimura told reporters when asked if the project would be delayed.

Globally car makers are facing a liquidity crunch as sales fall steeply amid the worst global financial crisis in 80 years.

Nissan, which is separately setting up a car plant in south India jointly with Renault, plans to begin initial production in the first half of 2010, Kimura said.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Car project with Bajaj on track: Nissan

Post Comments