Nissan-Renault plans to double Chennai plant capacity to 8 lakh units by 2016

Nissan-Renault is planning to double production capacity to eight lakh units by 2016 at its plant near Chennai. Such a move will help the alliance meets its target of a 10 per cent joint domestic market share and increase exports.
At investments currently of about Rs 4,500 crore (over seven years), the 640 acre plant at Orgadam (near Chennai) is the Greenfield alliance facility globally for the Franco-Japanese auto group. Though current annual capacity stands at two lakh units, by March this is already being extended to four lakh units on both high export and local demand.
“To meet our global growth targets (Nissan's Power 88 mid-term plan), we will have to double capacity at the Chennai plant by 2016. We will need to put in more money, but we have enough land, so the investment will be lower than the Rs 4,500 crore being invested for the first phase,”