Nissan to enter used car business

Nissan Motor Company of Japan has planned to enter the used car business in India. In the process of setting up a manufacturing facility near here with Renault, it plans to go into this segment, marked by unorganised units.

The manufacturing facility is being set up at Oragadam, near this city. The company has planned to set up 55 dealerships by 2012.

So far, the company has appointed 23 and plans to add seven more by the end of this financial year.

G M Singh, vice-chairman and MD of Hover Automotive India (P) Ltd, the service partner of Nissan, said the foray into used cars would be after the proposed small car is launched for Indian roads.