Japanese auto major Nissan’s plans to turn around its Indian operations remain intact, and it has looked to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.
The company, which has increased headcount at its Chennai plant by 600 to add a third shift, does not foresee steps to cut 9,000 jobs and 20 percent production globally having an impact on India as long as it remains competitive in the market, Nissan India Operations President Frank Torres told PTI. “Nissan is betting big on India…and the plans (for India) remain intact despite this global turbulence,” he said.
In November this year, Nissan announced that globally, it would cut 9,000 jobs and production by 20 percent as part of a turnaround plan and cut costs by 400 billion yen (USD 2.6 billion). The company is targeting to export over 74,200 units in 2024-25 against 42,597 in the previous fiscal. In the domestic market, Nissan India expects sales to grow by 4 percent to 31,155 units in 2024-25 compared to 30,065 in the previous fiscal.
