Nissan Motor India announced the milestone of 1.5 lakh total sales of the Nissan Magnite achieved in August 2024, since its launch in December 2020. Additionally, the company announced monthly wholesale dispatches for the month of August 2024 at 10,624 units, that includes export shipments of 8,361 units and domestic dispatches of 2,263 units.
This is the highest monthly wholesale Nissan has achieved in the fiscal year FY24 so far and stands out amidst multiple industry challenges. This also marks a record for Nissan Motor India with its highest monthly export volume in the last five years. It is a significant achievement for the company and is aligned with Nissan’s‘ Make in India, Make for the World’ philosophy. Domestic wholesale accounted for 2263 units, leading to a YoY growth of a modest0.2%andMoM growth of a significant12.5%. Export wholesale accounted for 8361 units, leading to aYoY growth of 336% and MoM growth of 91%for August 2024.
Mr. Saurabh Vatsa, Managing Director, Nissan Motor India, said, “The month of August has been remarkable despite the decline in overall Total Industry Volume (TIV). However, the combined efforts of the Nissan Motor India team along with our dealer partners have delivered great results for the company and customers. The renewed strategy of Nissan’s focus on domestic and exports business is delivering great results for India. The Nissan Magnite is proof that a robust platform, timeless product, and enhanced customer centricity can continue to deliver consistent outcomes, which is evident in the 1.5 lakh milestone that Nissan has crossed this month.”