India - a major market for Renault-Nissan JV

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By 2012, Renault-Nissan who is a 50 per cent joint venture of Renault-Nissan Automotive India for a passenger car project in Chennai, is expecting 5.7% of the market share in India. A top official informed on Thursday, ”it is looking at emerging markets like Brazil, Russia, India and China, besides Middle East, to push its global market share.” 

After a tour from the under-construction plant at Oragadam, 35 km from the airport, Nissan executive VP and chief recovery officer Colin Dodge informed the media,” Our market share is increasing steadily. We continue to invest heavily in new technology”.

He said,” Assessing the Indian car growth market to go past the two-million unit mark by 2012, it is aiming for a 5.7% market share in India. The success in achievement is seen with prior experience in China and Russia.

He added seeking to highlight the strategic importance of India, where under 50 people per 1,000 inhabitants owned a car, “five years ago, we were nowhere, but now we have 7% share in China. Likewise, in Russia, we have 6% market”.

Mr. Dodge told,” It has got to grow as Russia too went past 250 in three years”. “We are here to stay. If we get the product right then it is possible. India is an important market for our company."

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