Nissan to enter electric vehicles segment in India

Many Indian automakers are outlining an electric vehicles (EV) strategy to meet the growing demand for electric cars in India. Nissan, which is heavily betting on EVs, is contemplating jumping on EV space in India.

It has been successfully selling vehicles such as the Leaf in foreign markets. It is in no rush to enter the EV segment in India and is looking for the right electric car to bring forward.

According to a report, Nissan is assessing the Indian EV market and studying the prospects of launching EVs across India.The brand is also observing the expansion of electric charging networks in India, with an improvement in the battery localisation segment.The study suggests that Nissan plans to launch an EV bearing a competitive price in India.

The Japanese brand, Nissan, also aims to meet customers' aspirations with its first electric car for the Indian market. It has many EVs in its lineup that are on sale in European markets, and its alliance with Renault and Mitsubishi will ease the company to select an EV for the Indian market. Localisation will be challenging and also crucial for making Nissan's EV affordable in India.

Currently, electric cars do not even account for 2% of the electric cars sold in India. Its annual growth in terms of sales of electric vehicles (EVs) shows that the Indian consumers are growing towards the EV segment.

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Also read: Indian Railways to set up EV charging infra at railway stations