Saturday, October 27, 2007

Nissan To Export Low-Cost India-Made Cars to U.S.

(Bloomberg) -- Nissan Motor Co., Japan's third-largest automaker, eventually may export low-cost, Indian-built cars to the U.S. to tap demand in the world's biggest vehicle market.

The autos may sell for less than $5,000, even after modifications to meet U.S. safety and emissions standards, Chief Executive Officer Carlos Ghosn told reporters yesterday at the Tokyo Motor Show. The models probably will cost about $3,000 in India and would go on the market there in 2010, Ghosn said.

At a fraction of the $25,000 average for new passenger vehicles in the U.S., the cars may win customers as higher gasoline prices boost sales of smaller, more fuel-efficient models. Nissan is studying plans to build the car with Bajaj Auto Ltd., India's second-biggest motorcycle maker.

Now that's globalization for you: A Japanese car company, headed by a CEO who was born in Brazil, grew up in Lebanon and educated in France, teaming up with an Indian motorcycle company to produce vehicles in India, for sale in the U.S.!

(HT: Sanil Kori)


At 10/27/2007 11:10 PM, Anonymous Anonymous said...

Lets hope that they can build cars better than websites. This Tata Motors page gives you a drop down option to enter the date you are considering buying one of their cars as between Jan. 1, 1900 and Dec. 31, 2008.

At 10/27/2007 11:11 PM, Anonymous Anonymous said...

At 10/28/2007 7:34 AM, Blogger Mark J. Perry said...

It's not Tata Motors, it's Bajaj Auto.

At 10/28/2007 2:24 PM, Blogger thomasblair said...

This comment has been removed by the author.

At 10/28/2007 2:27 PM, Blogger thomasblair said...

Anonymous 11:10,

Perhaps they outsource the webpage design contractor. What does it really matter if the drop-down menu contains the year 1900? I could just be a standard option in the webpage creation software that they didn't uncheck. FYI, many software programs calculate the date as an integer number of days after December 31, 1899. Day 1 would then be January 1, 1900.

At 7/30/2008 10:40 PM, Anonymous Anonymous said...

oh wow thats for $5000 ? How come they cannot make it further more cheaper by producing in China


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