APRILASIA BUSINESS OUTLOOK8Nissan Motors, the Japanese automaker, has announced plans to launch three all-new models in India by the fiscal year 2026 as part of its new global business plan, known as 'The Arc'. The company aims to make India a hub for exports as it drives value and strengthens competitiveness under this initiative.As per the new plan, spanning fiscal years 2024 through 2026, Nissan targets an additional 10 lakh unit sales compared to fiscal year 2023. Globally, Nissan intends to introduce 30 new models over the next three years, with 16 being electrified and 14 being traditional internal combustion engine (ICE) models. This strategy aims to cater to diverse customer needs across markets with varying electrification rates.In India, Nissan plans to launch three entirely new models and position the country as an export hub, aiming to reach a production level of 1,00,000 units. The company's vision includes launching a total of 34 electrified models globally from fiscal year 2024 to 2030, covering all market segments. By fiscal year 2026, electrified vehicles are expected to constitute 40 percent of Nissan's global model mix, increasing to 60 percent by the end of the decade.Nissan President and CEO Makoto Uchida highlighted that 'The Arc' plan demonstrates the company's commitment to continuous progress and adaptation to changing market dynamics. In response to market volatility, Nissan aims to achieve sustainable growth and profitability through decisive actions outlined in the new plan.Additionally, Nissan emphasized its strategic partnerships as a means to enhance competitiveness and offer a global portfolio of products and technologies aligned with its long-term objectives. NEWSROOMNISSAN MOTORS TARGETS INDIA FOR NEXT EXPORT HUBGlobal oil prices rebounded on Thursday after two consecutive sessions of decline, as investors reevaluated the latest U.S. crude oil and gasoline inventories data and resumed buying activity. Brent crude futures for May gained 29 cents, or 0.34 per cent, reaching $86.38 a barrel, while the June contract rose by 28 cents, or 0.33 per cent, to $85.69 at 0041 GMT. The May contract is set to expire on Thursday.U.S. West Texas Intermediate (WTI) crude futures for May delivery increased by 41 cents, or 0.50 per cent, reaching $81.76 a barrel. The previous session saw pressure on oil prices following unexpected rises in U.S. crude oil and gasoline inventories last week, driven by an increase in crude imports and sluggish gasoline demand, according to data from the Energy Information Administration.However, the increase in crude stock was smaller than the build projected by the American Petroleum Institute."We expect US inventories to rise less than normal in reflection of a global oil market in a slight deficit. This will likely hand support to the Brent crude oil price going forward," noted Bjarne Schieldrop, chief commodities analyst at SEB Research.Recent disappointing inflation data affirms the case for the U.S. Federal Reserve to hold off on cutting its short-term interest rate target, a Fed governor said on Wednesday, but he did not rule out trimming rates later in the year."The market is converging on a June start to cuts for both the Fed and the European Central Bank," stated JPMorgan analysts in a note, noting that lower interest rates support oil demand. GLOBAL OIL PRICES SOAR POST DATA RELEASE BY USA
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