Japanese automobile major Nissan is planning to set up a factory for Datsun range of low-cost small cars.
The company will invest Rs 1,700 crore for the factory which is likely to come up beside the current Renault-Nissan factory at Oragadam. The facility is expected to manufacture 200,000 cars every year, from 2014. The facility is also expected to serve the exports market. The brand is also expected to be launched in South Africa in 2014. The product is targeted at high-growth markets of the developing nations.