Nissan Motor India crosses export milestone of 1.1 million units, registers domestic wholesales of 2107 units in June’24

July 2, 2024
  • Export business witnessed YoY growth of 149% and MoM growth of 104% driving growth and revenue for the company
  • The historic export milestone includes all Nissan models exported so far, including the flagship Magnite SUV
  • The 1.1 millionth unit exported was the BIG BOLD BEAUTIFUL Nissan Magnite
  • June 2024 witnessed export wholesale of 8177 units and domestic wholesale of 2107 units

Gurugram, 02 July 2024: Nissan Motor India today announced crossing an export milestone of 1.1 million units since the start of its export operations. This is a crucial accomplishment for the company and a true reflection of Nissan’s ‘Make in India, Make for the World’ philosophy.

The company has reached this remarkable feat of crossing 1.1 million units on 29 June 2024 at the Ennore Kamarajar Port, Tamil Nadu with the Nissan Magnite being the milestone unit exported.

Additionally, for the month of June 2024, the company has announced cumulative wholesale of 10,284 units, with Year-on-Year (YoY) growth of 76.3% and Month-on-Month (MoM) growth of 65.7%.

Export wholesale accounted for 8177 units in June 2024, with YoY growth of 149% and MoM growth of 104% & domestic wholesale accounted for 2107 units in June 2024.

Mr. Saurabh Vatsa, Managing Director, Nissan Motor India, said, “We congratulate and thank the entire team for achieving this glorious & significant milestone. The Magnite & Sunny drive our export business, illustrating the unmatched demand for Nissan cars Made in India across the region in key markets. Our export strategy and capabilities coupled with Magnite's strong demand reflect our undeterred focus on meeting customer needs across the international markets.
 
Despite the challenges of a nationwide heatwave in June, we remain resilient and adaptable to market volatility with agility. Nissan is gearing up for the upcoming launch of a new global SUV in India and we continue to stay agile and responsive to our customers' evolving preferences both in India and in our export markets. The team continues to focus on innovation along with agility, ability & adaptability.”

Nissan Motor India has been on an upward trajectory with the Nissan Magnite, which continues to captivate consumers across the country and abroad. Since its launch in December 2020, the Magnite has garnered immense popularity, with over 1,40,000 units sold in the Indian market domestically and abroad. The Magnite, blending design excellence from Japan with efficient production in India, embodies Nissan Motor India's 'Make-In-India, Make for the World' manufacturing philosophy.

As part of its growth strategy, Nissan Motor India has been expanding its network footprint across the country. With recent additions in Srinagar, Salem, Delhi and Durgapur, Nissan now boasts a network of 272 touchpoints, providing quality sales and service experiences to customers nationwide. Nissan will continue to expand its network footprint in the coming fiscal year and go closer to where its customers are coming from across India.

The Big, Bold and Beautiful Nissan Magnite is exported to 15 global markets, with recent launches in Seychelles, Bangladesh, Uganda, and Brunei. In recent years, Nissan Motor India has focused on exports to Middle Eastern countries such as Saudi Arabia, the United Arab Emirates, Oman, Qatar, Bahrain, and Kuwait. 

About Nissan Motor India Pvt. Ltd.

Nissan Motor India Private Ltd. (NMIPL) incorporated in 2010 is a 100 percent subsidiary of Nissan Motor Co. Ltd. Japan, serving both the domestic and export markets with a manufacturing plant and R&D Centre in Chennai. Nissan with its Global Alliance partner Renault has made an investment of $1.8 billion in the Indian economy facilitating over 70,000 direct and indirect employment and skilling opportunities.

Please visit www.nissan.in for more information.

FOR FURTHER MEDIA QUERIES PLEASE CONTACT:

Naraayan Kannan
Director - Communications, Nissan Motor India Pvt. Ltd.
Email: naraayan.kannan@email.nissan.in

About the author, Sunderdeep Singh

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