Nissan eyes Chennai as hub for car components.

• Japanese company Nissan which is setting up a plant at Oragadam near Chennai is planning to source auto components from India for its plants at Thailand, China and Japan. Nissan is planning to use Chennai as a hub for exporting components and cars to Middle East, Africa and European markets.
• Nissan will be procuring auto componetnts from its vendors in India and export them to Thailand, China and Japan where it has manufacturing plants similar to the one coming up in Chennai. Nissan pans to export $20 million worth of parts in 2010 and $40 million worth of parts in 2012.
• Nissan is planning to bring out a hatchback compact car by May 2010 and a Sedan by 2011 from its Chennai plant.
• Nissan is planning to manufacture 5 mosels of its cars from this plant and is planning to export 1.1 lakh units from this plant through Ennore port in 2010 and gradually increase it to 1.8 lakh units.