<p>"We are launching a new multi-purpose vehicle (MPV) in joint venture with Ashok Leyland. The MPV model will be launched in line with the market leader Toyota Innova in 2012," Nissan Motor India Managing Director & CEO Kiminobu Tokuyama told reporters.<br /><br />He was speaking to the media after the launch of diesel-powered Nissan Micra here.<br />"We are committed to increase our footprint in India. We are adding five more models in our portfolio by 2012," Tokuyama said.<br /><br />The Japanese auto major also proposes to double its manufacturing capacity from the present 2 lakh units per annum, Tokuyama said, without giving any timeframe.<br /><br />On investment plans in India, Tokuyama said the company plans to invest additional Rs 2,200 crore in its Chennai unit.<br /><br />In February 2008, Nissan, with its global alliance partner Renault of France, signed an MoU with Tamil Nadu Government to set up a manufacturing plant at Oragadam, near Chennai with an investment of Rs 4,500 crore over a period of seven years.</p>
<p>"We are launching a new multi-purpose vehicle (MPV) in joint venture with Ashok Leyland. The MPV model will be launched in line with the market leader Toyota Innova in 2012," Nissan Motor India Managing Director & CEO Kiminobu Tokuyama told reporters.<br /><br />He was speaking to the media after the launch of diesel-powered Nissan Micra here.<br />"We are committed to increase our footprint in India. We are adding five more models in our portfolio by 2012," Tokuyama said.<br /><br />The Japanese auto major also proposes to double its manufacturing capacity from the present 2 lakh units per annum, Tokuyama said, without giving any timeframe.<br /><br />On investment plans in India, Tokuyama said the company plans to invest additional Rs 2,200 crore in its Chennai unit.<br /><br />In February 2008, Nissan, with its global alliance partner Renault of France, signed an MoU with Tamil Nadu Government to set up a manufacturing plant at Oragadam, near Chennai with an investment of Rs 4,500 crore over a period of seven years.</p>