Nissan Motor Company has announced an ambitious strategy under which, the manufacturer will launch three new models in India and become a hub for exports, at a level of 100,000 units. The ‘Arc’, its new business plan to drive value and strengthen competitiveness across regions and countries is focused on a broad-based product offensive, increased electrification, new approaches to engineering and manufacturing, the adoption of new technologies and the use of strategic partnerships to increase global unit sales and improve profitability.
The action plan comes as the company faces extreme market volatility prompting it to take decisive actions guided by the new plan to ensure sustainable growth and profitability.
Nissan President and Chief Executive Officer Makoto Uchida sees the ‘Arc plan as path to the future which illustrates the company’s continuous progression and ability to navigate changing market conditions. “This plan will enable us to go further and faster in driving value and competitiveness,” says Nissan President and Chief Executive Officer Makoto Uchida.
As part of the ‘Arc’ drive, Nissan will harness strategic partnerships to stay competitive and offer a global portfolio of products and technology, by continuing to leverage the alliance with Renault in India. Earlier this month on 21 March, Nissan Motor India, announced the appointment of Saurabh Vatsa as Managing Director (MD) of the company effective 1 April, 2024, in line with what Frank Torres, President, Nissan India Operations said, was transition into a new phase of the transformation plan for India and spearhead the company’s next phase of growth. This will set the stage for a plan which includes a new product portfolio and enhanced customer centricity. Nissan has committed to invest INR 5300 crore (USD 600) in India and introduce more products for the Indian consumer as part of the transformation plan in 2023.
Nissan Motor Company’s global actions by fiscal year 2026 includes a two-part plan to ensure volume growth through a tailored regional strategy and prepare for an accelerated transition to EVs, supported by a balanced electrified/ICE product portfolio, volume growth in major markets and financial discipline.
Under the two-part plan, Nissan will first take actions to ensure volume growth through a tailored regional strategy and prepare for an accelerated transition to EVs, supported by a balanced electrified/ICE product portfolio, volume growth in major markets and financial discipline. Through these initiatives Nissan aims to lift annual sales by 1 million units and increase its operating profit margin to more than 6%, both by the end of fiscal year 2026.
This will pave the way for the second part of the plan aimed to enable the EV transition and realize long-term profitable growth, supported by smart partnerships, enhanced EV competitiveness, differentiated innovations and new revenue streams. By fiscal year 2030, Nissan sees a revenue potential of 2.5 trillion yen from new business opportunities. By fiscal year 2030, Nissan sees a revenue potential of 2.5 trillion yen from new business opportunities.