Japanese auto major Nissan's Datsun brand today launched its entry-level car 'Datsun Go' priced between Rs 3.12 lakh and Rs 3.70 lakh (ex-showroom Delhi) in India.
"Indian car market is very competitive and with Datsun we are entering a segment which we can't address with the Nissan brand. We expect the Datsun brand to contribute half to one-third of Nissan's sales in India," Nissan Motor India MD and CEO Kenichiro Yomura said.
The company will launch three models under the Datsun brand by FY16 and it has already announced the Datsun Go+ as the second model to be launched.
Commenting on the return of the Datsun brand, Datsun Global Programme Director Ashwani Gupta said the global automotive market has undergone a shift with the high growth markets such as India, Indonesia, Russia and Brazil, that accounted for 40 per cent of the total sales, are expected to account for 60 per cent by 2016-17.
"The opportunity of new car demand lies in high growth markets with first time buyers. The transaction price in India ranges from $8000-9000 as compared to $25,000 to $30,000 in high growth markets like the US, EU and Japan. That's why we decided to bring the Datsun brand," Gupta said.
The entry-level car under the Datsun brand is aimed at the first-time car buyers. The Japanese carmaker is reviving the Datsun brand after almost three decades. In March 2012, Nissan had announced that it would launch the Datsun brand in India by 2014. After its introduction in India, Datsun will be launched in Indonesia, Russia and South Africa.
The car would compete primarily with the likes of Maruti Suzuki's Alto 800 and Alto K10 and Hyundai's Eon. While the Alto 800 is priced between Rs 2.37 lakh and Rs 3.52 lakh, Alto K10 is priced between Rs 3.15 lakh and Rs 3.31 lakh.
On the other hand, Hyundai's Eon, is priced between Rs 2.83 lakh and Rs 3.85 lakh (all prices ex-showroom Delhi). The five-door front-wheel drive Datsun GO comes with a 1.2 litre engine with a five speed manual transmission.
The car is being manufactured at the Oragadam plant, a joint venture between Nissan and France-based automaker Renault. Both the companies have invested about Rs 4,400 crore.
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