Conorvirus has hit the auto sector to a great extent. The automobile maker Nissan may still not be out of troubled waters. Part of the reason for this is its massive lineup of vehicles which, while diverse, are all ageing. Nissan vehicles which have seen over two decades in the market are still being offered in showrooms in many countries.
The automaker has been on a path towards redemption and the launch of the affordable Magnite in a competitive segment is a strong sign in that direction. Speaking to UK's Car magazine, Chief Operating Officer Ashwani Gupta explained factors which have hurt the carmaker thus far. "We went too fast to expand in the world, anticipating that global auto markets would grow and that our sales performance would be excellent. Both those things didn’t happen," he was quoted as saying. "As a result, we were landed with aged vehicles, a huge line-up which we could not maintain."
Nissan vehicles like Pathfinder and Frontier are still offered in many markets at a time when rivals have brought in newer products, given these products updates and often replaced them with still newer products.
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