New Delhi, July 16, 2020 (Official Press Release) – Nissan India today revealed the concept version of its highly anticipated B-SUV. Christened as the Nissan Magnite, the technology-rich and stylish B-SUV will be launched in FY 2020 in India.
Magnite is a portmanteau of the words “magnetic” and “ignite”. Whereas magnetic highlights the design and the product attributes that will attract customers, ignite emphasises on the beginning of a new era that Nissan wants to bring in India.
“The Nissan Magnite is an evolutionary leap in Nissan’s global SUV DNA. With cutting-edge technology on board, it will be a game-changer in its segment. A bold offering in the sub-four-meter category, we are confident that Nissan Magnite will redefine the B-SUV segment for the industry. The Nissan Magnite is made on the philosophy of ‘Make in India, Make for the World’ and has been designed in Japan while keeping in mind the requirements and aspirations of Indian customers.” said Rakesh Srivastava, Managing Director, Nissan Motor India.
The Nissan Magnite will be a feature-rich premium offering with a stylish design for a strong and dynamic road presence.
About Nissan Motor India Pvt. Ltd.
Nissan Motor India Private Ltd. (NMIPL) is a 100 per cent subsidiary of Nissan Motor Co. Ltd. Japan. The company was incorporated in 2005 and offers innovative and exciting products across the hatchback, MUV, SUV and sedan segments in India. Nissan together with its global alliance partner Renault set up a manufacturing plant and a Research & Development Centre near Chennai. Nissan in India has a portfolio of two brands, Nissan and Datsun. For more information, visit www.nissan.in.
About Nissan Motor Co., Ltd.
Nissan Motor Co., Ltd. Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In the fiscal year 2016, the company sold 5.63 million vehicles globally, generating revenues of 11.72 trillion yen. In fiscal 2017, the company embarked on Nissan M.O.V.E. to 2022, a six-year plan targeting a 30% increase in annualized revenues to 16.5 trillion yen by the end of fiscal 2022, along with cumulative free cash flow of 2.5 trillion yen.
As part of Nissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world’s best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America.
Nissan has a global workforce of 247,500 and has been partnered with French manufacturer Renault since 1999. In 2016, Nissan acquired a 34% stake in Mitsubishi Motors. Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined sales of more than 10.6 million vehicles in the calendar year 2017.
