Nissan Motor India has celebrated a significant achievement as the Nissan Magnite surpasses 1.5 lakh cumulative sales as of August 2024. Since its launch in December 2020, the compact SUV has garnered impressive numbers, with August 2024 marking the highest monthly wholesale figure of 10,624 units for the fiscal year FY24. This includes a record export volume of 8,361 units, the highest in the past five years, alongside 2,263 domestic dispatches.
The Magnite’s success is underscored by a remarkable 336% year-on-year and 91% month-on-month growth in exports. Domestic sales also saw a modest 0.2% year-on-year increase and a notable 12.5% month-on-month rise. Mr. Saurabh Vatsa, Managing Director of Nissan Motor India, highlighted the company’s strategic focus on both domestic and international markets as key to this success.
In Guwahati, the Nissan Magnite’s appeal is growing rapidly. The compact SUV’s competitive pricing and stylish design are resonating with local consumers, contributing to a noticeable uptick in sales. This positive response reflects the Magnite’s strong market presence in the northeastern region. Nissan continues to expand its footprint across India, aiming to exceed 300 touchpoints by the end of the fiscal year, while also broadening its global reach with recent export expansions to over 17 markets.
