Nissan Motor India Pvt. Ltd. (NMIPL) continued consistent and sustainable growth in India, delivering best single year performance for FY 2024-25 in the last seven years despite multiple headwinds faced by the domestic auto industry. The year was marked by the continued success of the New Nissan Magnite, which remains a key pillar of Nissan’s domestic business plan and a vital part of the company’s global export operations. In FY 2024-25 Nissan Motor India recorded total domestic volume of 28,000+ units led by the New Nissan Magnite introduced in October 2024. This strong performance was delivered despite the rising consumer preference for alternate fuel vehicles in the B-SUV segment in India.
On the export front, the company expanded its operations from 20 markets to 65+ international markets and registered an unprecedented and historic export sales of 71,000+ units further reinforcing India’s role as a growing manufacturing and export hub for Nissan globally. This brings the consolidated sales of the company to 99,000+ units for FY 2024-25.
Commenting on the performance, Frank Torres, Divisional Vice President of AMIEO Region Business Transformation & President of Nissan India Operations said,
“India remains a strong pillar of growth for Nissan driven by the continued success of the Nissan Magnite. The export of the new Nissan Magnite expanded to over 65 international geographies including LHD markets this year.
On the restructuring of the India business operations as a part of the global turnaround actions, he said “Nissan remains committed to the Indian market, customers, dealer partners, employees & stakeholders. Nissan & its dealer partners will continue to provide Sales & Service to customers of existing and future new models. Nissan’s stated India product offensive remains intact, including the plan to introduce 1 all-new B- MPV & 2 new C-SUVs. We will continue our plans to export vehicles to other parts of the world as per our One Car, One World plan. This restructuring is part of our efforts worldwide to become a leaner and more agile company, as part of our global turnaround actions.”
The transaction is subject to regulatory approval with completion expected by the end of H1 2025.
Saurabh Vatsa, Managing Director, Nissan Motor India said,
“This year has been a challenging one for the auto industry. Despite this, the New Magnite has shown and has proven that it remains a strong favorite amongst the B-SUV customers. The continued expansion of our dealership network reflects our commitment to improving accessibility and customer service. As we move forward, with the recent announcement of the additions of an All-New 7-seater B-MPV and 5-seater C-SUV and we are focused on offering an exciting product portfolio and expanding our dealer network further for enhancing customer experience.”
Nissan Motor India also announced that it will increase the price of New Nissan Magnite across all trims by up to 3 per cent from 1st April 2025 onwards. This price hike will be done to offset the rising input costs and operational expenses.
| Total Consolidated Domestic Wholesale | ||||
| FY20 | FY21 | FY22 | FY23 | FY24 |
| 18886 | 37678 | 33611 | 30146 | 28000* |
| Total Consolidated Export Wholesale | ||||
| FY20 | FY21 | FY22 | FY23 | FY24 |
| 32389 | 38988 | 60608 | 42978 | 71000* |
| Total Consolidated Annual Sales (Domestic & Exports) | ||||
| FY20 | FY21 | FY22 | FY23 | FY24 |
| 51275 | 76666 | 94219 | 73124 | 99000* |
The Nissan Magnite has consistently performed well in its segment. In August 2024, the Nissan Magnite crossed a cumulative sale of 150,000 units. October 2024 marked the launch of the New Nissan Magnite after which it gained an even stronger momentum and global appeal, surpassing 10,000+ bookings milestone within 3 months of the launch. The New Nissan Magnite also achieved an export milestone of 50,000 units, embodying Nissan’s ‘One Car, One World’ philosophy by exporting to 65+ LHD and RHD markets.
Manufactured at the Chennai plant, the new Magnite includes 20+ Segment-first features in India and a bold new design. Strengthening its sustainability commitment, it is now fully E20 fuel compliant. The new Magnite’s success was amplified by its recent debut in Saudi Arabia as the first left-hand-drive (LHD) market.
Highlights
- Nissan reports FY2024-25 consolidated sales (Export + Domestic) of 99,000+ units, records highest single year consolidated sales in 7 years since FY 2017-18
- Consolidated Annual Sales witnessed 35% YoY growth on the back of a stellar performance by the New Nissan Magnite B-SUV in domestic and export markets
- Nissan’s Export business witnessed a historic 71,000+ units driven by the New Nissan Magnite RHD & LHD variants under its ‘One Car, One World’ plan
- Nissan recently announced plans to introduce two new models, all-new 7-seater B-MPV in FY25 and a 5-seater C-SUV in FY26
- Company restructures India ops targeting growth and profitability, offloads stake in Chennai JV plant to Alliance partner as part of its global turnaround actions
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