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`Nissan plans auto production unit in India'

TOKYO: Japan's second largest automaker Nissan Motor plans to invest some $840 million in construction of auto factories in India.

Nissan is considering two or three coastal cities in western and southern India as possible locations and plans to negotiate with local governments before making a decision, which could come as early as this month, the Nikkei business daily said.

Construction on a main assembly plant will begin this year, the business daily said, adding that Nissan expected to launch operations in the latter half of 2009 with an annual output capacity of around two lakh units. — AFP

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