GURGAON: Nissan Motor Co., Ltd. today launched its new business plan 'The Arc' to increase value and strengthen competitiveness. The plan calls for a broad product offensive, increasing electrification, new approaches to engineering and manufacturing, introducing new technologies, and leveraging strategic partnerships to increase global sales and improve profitability. focused.
This plan is positioned as a bridge between Nissan NEXT, our business transformation plan from fiscal 2020 to fiscal 2023, and our long-term vision, Nissan Ambition 2030. The new plan is divided into medium-term commitments from 2024 to his fiscal year 2026, and medium- and long-term actions to be implemented by 2030. Makoto Uchida, Nissan President and CEO, said: future. This demonstrates our continued progress and ability to successfully navigate changing market conditions. This plan will enable us to drive value and competitiveness even faster. Facing extreme market volatility, Nissan is taking decisive action with a new plan to ensure sustainable growth and profitability. ” Under the two-part plan, Nissan will first take steps to ensure sales growth through regionally tailored strategies, a balanced electrification/ICE product portfolio, and sales growth in key markets. and prepare for an accelerated transition to EVs, supported by financial discipline. Through these initiatives, Nissan aims to increase annual sales by 1 million units and increase operating profit margin to over 6% by the end of fiscal 2026. This enables the transition to EV and long-term profitable growth supported by smart partnerships, enhanced EV competitiveness, differentiated innovation and new revenue streams. Nissan expects to generate 2.5 trillion yen in revenue from new business opportunities by fiscal 2030.
