Nissan rolled out its second vehicle in India on Thursday -- the luxury sedan Teana -- to tap the growing high-end car market in the country.

The sedan has been priced at Rs 20.47 lakh or Rs 2.047 million approximately (ex-showroom) in Delhi, Chennai Banglore and Hyderabad and slightly higher at Rs 20.67 lakh (Rs 2.067 million approximately) in Mumbai.

"When we decided to launch our second vehicle, we wanted to take advantage of the growing luxury segment. Our research shows the Indian customers' expectations of a luxury vehicle matches what Teana offers," Nissan Motor India Pvt Ltd Managing Director Yoshie Motohiro said in New Delhi.

The vehicle would be fully imported from Nissan's Kyushu plant in Japan and is powered by a 2.3 litre petrol engine. This is the company's second offering for the Indian market after its sports utility vehicle X-trail.

Nissan Teana will compete with the top-end models of compatriot carmakers Honda and Toyota, whose Accord and Camry models are in a similar price range. -- PTI

Nissan Motor India Pvt Ltd MD Yoshie Motohiro poses with Nissan's new luxury sedan, Teana, in New Delhi on Thursday.

Photograph: Manan Vatsyayana/AFP/Getty Images