Nissan will not leave India; Company called the speculation of closure a rumor

The company further said that the plan to export vehicles from India to other countries will also continue under the 'One Car, One World' plan.

Recently, a Reuters report claimed that Nissan may wind up its operations in many markets, including India. Responding to this, the company said, "Recent reports have talked about the closure of some plants, which we want to clarify again that this is just speculation and no such official announcement has been made by the company." 

Nissan also said that in March, Renault Group announced the purchase of Nissan's 51% stake in Renault Nissan Automotive India Pvt Ltd (RNAIPL), making Renault now the 100% owner of the company.

Nissan was also in the news recently for merger talks with Honda, but the deal did not move forward. After this, the company started a major restructuring process globally, in which more than 10,000 jobs were cut worldwide.

The Reuters report claimed that Nissan is ending its operations in South Africa and Argentina, while there are plans to close two plants in Japan as well. According to the report, the company is preparing to reduce its global production plants from 17 to 10, and 15% of the employees will be laid off.