Nissan is preparing an affordable A-segment EV for worldwide markets, and as we previously reported, the company has verified that the project is on track and that India (Bharat) is part of the plan. According to Nissan Motor Corporation CEO Makoto Uchida, the business is developing a “global affordable EV,” with India as a potential market.
Nissan’s Affordable EV
On the margins of the Japan Mobility Show in Tokyo, Uchida stated that global electrification is gaining traction and that Nissan is “transforming itself” to participate in this change.
“We have a lot of plans for the future, including developing an affordable A-segment EV.” I realize that the Chinese are focusing heavily on EV, and as a pioneer, we are ready to demonstrate our capabilities in the inexpensive end of the market. “We are working on cost competitiveness, and we will introduce an EV that will be acceptable [to a broader segment of buyers],” Uchida stated.
Nissan has sold over one million electric vehicles worldwide, so it’s hardly surprising that the firm debuted five different EV concepts at the Japan Mobility Show – the most for the business at any motor show. Nissan and its alliance partner Renault said earlier this year that they intend to invest $660 million (about Rs 4,913 crore) in India to build C-segment EVs and an A-segment EV.
Francois Bailly, SVP and chief planning officer for the AMIEO (Africa, Middle East, India, Europe, and Oceania) region, told that the company intends to go “all-in” on the EV segment in India, explaining that the approach will be to look at a skateboard all-electric platform as opposed to ICE derived or multi-powertrain vehicle platforms for its EV foray, which Tata Motors has successfully implemented.
About Magnite EV Plan in India (Bharat)
When asked if the company is considering developing a Magnite EV, Bailly responded, “Our approach is either all-in or don’t enter.” We have decided to go all-in on EVs since we believe they will grow rapidly in India.” He stated that the company is now researching the possibility of localising cells and batteries in order to ensure that the car is cost-competitive and economical.
To begin, an imported Ariya EV for 2024 is being considered, but it is almost a foregone conclusion that the CMF-B platform on which its C-segment SUVs for India are planned would also yield an EV in the future.
“The EV market in India is rapidly expanding, and we anticipate a rapid transition in the country.” “We want to be a part of this transition, and we will have a viable market alternative,” Bailly added.