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Viknesh Vijayenthiran

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Vik is an Editor at High Gear Media and contributor for a number of sites within the High Gear Media network. He was a co-founder of... More

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Bentley Continental GT V8 Flies Over Munich: Video
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1 1,180 views January 1, 2007

Nissan to start car production in India

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Japan’s second largest carmaker will spend over $800m on new factories in India that will produce cars for the domestic and European market. Locations are currently being scouted for the factory, but the decision could be made as soon as this month.

The factory will churn out 200,000 small cars a year, with the majority of them having engines in the 1L class. Around 70% of these will be exported to Europe, paving the way for cars priced under €7000. The first phase of the factory will be complete by 2009, but Nissan plans to expand capacity to 400K units and more engine sizes further down the line.