Nissan Postpones Production at Indian Plant

New plant will begin production in 2011-2012

Nissan Motor Co, scrambling to respond to the global auto industry slump, said on Dec. 9 it would delay production at a plant in India by about six months. The planned facility in Chennai -- a joint venture with Indian carmaker Ashok Leyland -- is now due to start production sometime in 2011-2012, Nissan spokeswoman Yuko Matsuda said.

Nissan said in September that the new plant was due to have production capacity of 100,000 vehicles, of which 20% were to be exported.

Japan's third-biggest automaker said in October its first-half net profit plunged 40.5% to 126.3 billion yen (US$1.36 billion).

India's car market has enjoyed double-digit sales growth in recent years, but it has cooled recently due to the slowdown in the global economy.

Copyright Agence France-Presse, 2008

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