It would also start LCV sale in Russia from September this year, it added. Nissan has planned to roll out 13 LCV models by 2012 as part of its global strategy to make it market leader in the segment.
"At the heart of the business plan is a substantial investment in new products. Nissan will launch 13 all new light commercial vehicles by the end of 2012," the statement said.
The company is also planning to double its revenue generated by LCV sales by 2012 as compared to 2007, it added. "Nissan has grown LCV sales to unprecedented records for the brand, and we aim to become a leading player in the global LCV market by 2012," Nissan Motor Co Corporate Vice President (LCV Business Unit) Andy Palmer said.
Earlier, Nissan Motor Co President and CEO Carlos Ghosn had said it targeted to sell over 0.4 million vehicles in India in the next four years for which it would leverage from local expertise.
With its alliance partner Renault, Nissan is setting up a plant for passenger cars in Chennai with a capacity of 0.4 miilion units annually.
Nissan also has a joint venture with Ashok Leyland to build light commercial vehicles in the country. Besides, it is working with Bajaj to roll out a "ultra low cost car" to be priced at Rs 1 lakh. With Maruti-Suzuki, it would export A-segment cars to Europe.
