Nissan to phase out Teana, a D-segment sedan | Business Standard News

2022-09-24 12:09:49 By : Mr. mike chen

T E Narasimhan  |  Chennai  Last Updated at January 15, 2015 00:51 IST

Nissan India has decided to phase out its luxury mid-size sedan Teana in India. This is the third imported product that the Japanese car maker will be discontinuing in India in less than a year.

Last year, the company had phased out X-Trail, a compact crossover sports utility vehicle, and 370Z, a sports car — both of which were imported from Japan as completely built units (CBU).

The Teana is a completely knocked down (CKD) model, whose parts are imported from the parent company in Japan and assembled in the company’s plant at Oragadam near Chennai.

When contacted, a Nissan India spokesperson confirmed the development. “Teana will be phased out in India and we do not have any plans to launch the next generation.” According to experts, the company's decision is due to poor sales of the model.

Last year, Nissan India could sell only 15 units of the Teana sedan, compared to 1,336 units sold of the Skoda Superb. Teana competes with Honda Accord, Skoda Superb and Toyota Camry. So far, Nissan has sold 1,135 units of Teana in India.

Powered by a six-cylinder petrol engine, Teana is Nissan’s entry-level luxury sedan.

The price of Nissan Teana XL is Rs 21.63 lakh (ex-showroom, Delhi) and Nissan Teana XV is priced at Rs 25.48 lakh.

It may be noted that since 2010, the company did not launch any product in CKD or CBU format as it decided to focus on the locally-manufactured products.

“Nissan has a strong global model line-up... we are evaluating the right products that deliver more value to the Indian customer,” said the company spokesperson.

Last month, Nissan India has reported a total sales of 3,158 vehicles, a 23 per cent increase from 2,561 units sold in December 2013. The company has sold 35,047 units so far in FY15 (till December 2014) — a 46 per cent growth over the same period in FY14.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard . Digital Editor

Copyrights © 2022 Business Standard Private Ltd. All rights reserved.

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

Welcome to the premium services of Business Standard brought to you courtesy FIS. Kindly visit the Manage my subscription page to discover the benefits of this programme. Enjoy Reading! Team Business Standard