Nissan introduces locally assembled cars

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Nissan has launched its first locally assembled vehicle in Vietnam, the Grand Livina.

Nissan Vietnam, a joint venture between Nissan Motor and vehicle distributor Danish Kjaer Group, introduced three models of the newest seven-seat unit at two newly opened flagship dealers in Ho Chi Minh City and Hanoi on April 5.

"Vietnam is one of the key global automotive markets, and we are glad to mark the important milestone," said Nissan Motor's chief operating officer Toshiyuki Shiga in a statement.

Nissan Vietnam began importing vehicles on a small scale in 2008.

The company decided to start local assembly because high impor duties on automobiles had limited its market share to about one percent, said AFP quoting a company official as saying last year

The cars are assembled by local firm Vietnam Motors Corporation and distributed by Nissan Vietnam, which aims to sell 2,000 units of the new model and imports in the next 12 months, according to Japan's third largest carmaker.

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