Auto & Transportation
As it lines up new SUVs, Nissan is skipping India in its global cutbacks.


By Kajal Sharma - 28 May 2025 08:02 PM
In India, where the automaker hopes to increase sales by more than fourfold over the next two years, Nissan Motor Corp.'s 15% worldwide layoffs to boost its fortunes following a botched merger with Japanese rival Honda Motor Corp. won't have an effect on its operations.During a virtual press conference on Wednesday, Saurabh Vatsa, managing director of Nissan India, stated, "There will be no disruption to our teams here or our product plans in the country." "We are on schedule to launch new products and accelerate market expansion." The manufacturer of the five-seater sport utility vehicle (SUV) Magnite intends to expand its sales outlets from 159 to 180 during the current fiscal year and launch three more car types over the following two years.The optimism over the third-largest car market in the world contrasts with the job and cost-cutting measures taken by Nissan's global chief executive, Ivan Espinosa, to preserve profits. On May 13, Espinosa declared that it would close seven plants worldwide and lay off 11,000 employees in departments including contract workers, sales, manufacture, administration, and research.
Due to a downturn in important markets including the US and China, Nissan's operational profit for the fiscal year that ended on March 31 fell by 88% to $472 million. Because of the uncertainties surrounding US tariffs, the company also declined to provide growth guidance.Because the parties could not agree on the terms, its merger negotiations with Honda Motor likewise fell through in February of this year.Despite this turmoil, Indian business management maintains its optimism. By 2026, the Japanese corporation intends to finance its expansion by investing 700 million euros in the market. According to Vatsa, a new multipurpose vehicle would be introduced in India during the first three months of 2026. By the middle of the year, a five-seater SUV will follow. Nissan imports the X-Trail SUV as fully assembled units (CBUs) and only produces the Magnite domestically.