Feb 22 (Reuters) - Nissan Motor Co and Renault SA
will invest about 30 billion yen ($320 million) in a
new car assembly plant in India, the Nikkei said.
The plant, which will make Nissan's Datsun cars and new
lower-priced Renault models by the second half of 2014, will
increase the capacity of the joint venture's manufacturing base
in Chennai to 600,000 units a year from 400,000 units, the
business daily reported.
Nissan is reviving its old Datsun brand for emerging
markets, planning to roll out two models priced at around
500,000 yen. The new plant is also expected to produce a new
model in India.
Nissan hopes to raise its market share from about 1 percent
in India, a market dominated by Maruti Suzuki, Tata
Motors and South Korea's Hyundai Motor Co.
($1 = 92.8900 Japanese yen)
(Reporting by Avik Das in Bangalore)