Nissan posts record numbers in FY2014-15

Nissan sold 47,474 vehicles in India in the fiscal year 2014-15, registering a growth of 24.2% over the previous financial year.

This was Nissan’s best year in India since it debuted in the market 10 years ago. And the company has no plans to stop, with its eyes firmly set on obtaining 5% market share in the country.

“We are pleased with the progress we demonstrated in our 10{+t}{+h} year in India,’’ Guillaume Sicard, President, Nissan India, said. “FY 14 has been a significant year when we re-established our India business with an independent sales and marketing organization.”

“The growth we achieved was supported by the launch of two new models and fastest growing network. As we set ourselves a target of 5 per cent market share by FY20, we are focused on sustaining and accelerating our performance.”

Arun Malhotra, Managing Director, Nissan India, added, “2014 saw a huge focus on sales and marketing activities. Our sales network grew to 176 outlets with 60 outlets added in FY14.”

Nissan recently revived its low-cost brand Datsun to focus on emerging markets such as India, Indonesia, South Africa and Russia.