Toyota is planning to ramp up production in China to 2.5 million vehicles annually by 2030, aiming to regain market share lost to local competitors like BYD. This strategic pivot sets Toyota apart from other global carmakers scaling back in the region. The plan involves closer integration of sales and production operations in China, as…
Nissan is receiving criticism for its hybrid strategy, as analysts believe the company is overly reliant on electric vehicles (EVs). This criticism comes after Nissan announced drastic job cuts and a significant profit forecast downgrade, causing its stock to plummet. The company is facing challenges in the competitive markets of the US and China, with…
Nissan Motor India experienced a surge in demand during the festive season in October 2024, with the New Nissan Magnite driving strong sales. The company reported 5,570 wholesale units dispatched, with domestic sales accounting for 3,121 units and exports making up 2,449 units. The Managing Director expressed gratitude for the positive response from customers and…
Nissan’s shares took a hit in Tokyo after announcing plans to lay off 9,000 workers and reduce manufacturing capacity. The company’s net income dropped significantly, leading to a need for restructuring. The CEO is cutting his compensation in half as Nissan faces challenges from Chinese competitors and struggles to meet sales goals. The company is…
In October 2024, Nissan launched the 2024 Magnite with a starting price of ₹5.99 lakh, competing with cars like Maruti Suzuki Brezza and Tata Nexon. Nissan Motor India recorded wholesales of 5,570 units, with 3,121 units sold domestically and 2,449 units exported. The facelifted Magnite features a revised front bumper, new grille, and updated headlights,…
Nissan is planning to introduce its Patrol SUV in the Indian market by 2026 to expand its product line and attract more customers. The SUV is already popular in international markets and is expected to be available in India through the Complete Built Unit (CBU) route, potentially making it more expensive compared to other models….