Nissan wants to be part of the growing world of hybrid vehicles and so finally decided to consider introducing hybrid car models this year that’s equipped with its Nissan parts. This is also part of the Japanese automaker’s strategy to accommodate for different market segments. This is according to local distributor Edaran Tan Chong Motor (ETCM) Sdn Bhd.
The executive director of ETCM, Datuk Ang Bon Beng, said, “This is being considered not entirely to counter oil prices, but rather to offer the right products in the right segments, where there will be sustainable profitable growth.”
The Japanese automaker had actually licensed the Hybrid Synergy Drive System of Toyota and installed it in its hybrid model last year, the Nissan Altima Hybrid. But even though that’s the case, Nissan is reportedly doing its development for its own hybrid technology and this is scheduled to be revealed in its compact car models for 2010.
But since the price of hybrid vehicles is still high being relatively new and not mass-produced, Malaysian consumers may not switch to hybrid cars yet. They will still stick to petrol models even though a barrel of oil already reached its highest cost of US$100.
However, analysts are saying that the strategy of ETCM is to cater to the consumer market that is a little price-sensitive with its option of hybrid vehicles.
Ang also said that they might export other models of Nissan to other Asean countries. They had actually already imported 136 Nissan Sentra models to Indonesia just last year.
But still, he said that exports will still depend on the Asean strategy of Nissan Motor Ltd and “so long as ETCM gets the request from Nissan, we will comply.”
Ang said, in his email reply to The Edge Financial Daily, “Current exports to ETCM’s earnings are negligible. But we are trying to grow exports in the long term, so that we can achieve greater scale and complement Nissan’s Asean ambitions.”
He also said the ETCM still plans on exporting more Nissan Sebntra’s to Indonesia but of course, it will depend on how well this model’s sales performs on the domestic market.
When asked about oil prices, Ang said that it will have some impact on vehicle sales. But because Nissan is catering to the mid to upper-income segments, Ang believes that the impact will not be grave. He said, “Coupled with the fact that we will be introducing more fuel efficient technologies, we feel there will be little or no impact.” Other factors include reduction of road tax and duties, and government fuel subsidies.
ETCM expects to launch a luxury sedan model this year.