Nissan Targets JPY 500 Billion In Cost Cuts, 20,000 Job Reductions Under Re:Nissan Recovery Plan
- By MT Bureau
- May 13, 2025
Japanese automaker Nissan Motor Co., Ltd. has announced its aggressive recovery strategy ‘Re:Nissan’, which aims for JPY 500 billion in total cost savings and a return to profitability by fiscal year 2026. The plan, led by new management, includes a sharp focus on cost reduction, manufacturing efficiency and a redefined global product and market strategy.
The urgency of the Re:Nissan plan follows a difficult fiscal year 2024, in which global sales stagnated at 3.346 million units amid intense competition. Consolidated net revenue stood at JPY 12.63 trillion, while operating profit plunged to JPY 69.8 billion – an operating margin of just 0.6 percent. The company reported a net loss of JPY 670.9 billion, with both free cash flow and operating profit in the automotive business turning negative. Compared to FY2023, operating profit dropped by JPY 498.9 billion, underscoring the scale of the turnaround challenge.
Going forward, the company is targeting JPY 250 billion in variable cost reductions through engineering efficiencies and supplier consolidation, alongside another JPY 250 billion in fixed cost cuts by FY2026.
Nissan will reduce its global vehicle plants from 17 to 10 by FY2027, along with cancelling a planned LFP battery plant in Kyushu and streamline powertrain operations.
The automaker also plans to cut 20,000 jobs globally by FY2027, including 9,000 already announced, covering manufacturing, R&D and SG&A functions.
By cutting parts complexity by 70 percent and halving vehicle platforms to 7 by 2035, Nissan aims to slash development lead times. Upcoming models include the all-new Skyline and INFINITI compact SUV.
Nissan will focus on key markets – U.S., Japan, China, Europe, Middle East and Mexico – with localised product approaches. For instance, in the U.S., the company will expand its hybrid lineup and refresh the INFINITI brand.
The Japanese automaker will also deepen alliances with Renault and Mitsubishi Motors and pursue ongoing collaboration with Honda Motor Co in electrification and vehicle intelligence.
Ivan Espinosa, CEO, Nissan Motor Co, said, "In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritise self-improvement with greater urgency and speed, aiming for profitability that relies less on volume. As new management, we are taking a prudent approach to reassess our targets and actively seek every possible opportunity to implement and ensure a robust recovery. Re:Nissan is an action-based recovery plan clearly outlines what we need to do now. All employees are committed to working together as a team to implement this plan, with the goal of returning to profitability by fiscal year 2026.”
Honda Cars India Reports 10,518 Unit Wholesales In October 2025
- By MT Bureau
- November 01, 2025
Honda Cars India, a leading passenger vehicle manufacturer, has reported total wholesales of 10,518 units for October 2025.
The company recorded domestic sales of 6,394 units for the month, which marks a 15.3 percent growth as compared to 5,546 units last year.
Honda also exported 4,124 units in October 2025. In comparison, exports in October 2024 stood at 4,534 units. The company noted the strong performance of the Honda Amaze as a key driver of the growth.
Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, “The festive sales and GST 2.0 announcement fuelled robust demand across our line-up of City, Amaze and Elevate during October. The Amaze being the only car under 10 lakh price segment to offer ADAS safety and smooth CVT performance has been strongly appreciated by consumers registering strong sales growth.”
JSW MG Motor India Reports 9% Decline In October Sales
- By MT Bureau
- November 01, 2025
JSW MG Motor India has reported a decline of 9 percent in it wholesales for October 2025, with sales of 6,397 units, as compared to 7,045 units sold for same period last year.
On the other hand, the company reported a 20 percent YoY increase in wholesales during the August–October 2025 festive period.
The MG SELECT model retained its second position in the luxury electric vehicle (EV) segment, registering an impressive 62 percent MoM growth.
Hyundai Motor India Reports 53,792 Wholesales In October
- By MT Bureau
- November 01, 2025
Hyundai Motor India, one of the leading passenger vehicle manufacturers, has achieved total monthly sales of 69,894 units in October 2025. The volume includes 53,792 units in domestic sales.
The company stated its performance was driven by the domestic market, and it also bolstered its position as a global manufacturing hub, with exports touching 16,102 units, marking an 11 percent YoY growth.
Furthermore, the Hyundai Creta and Venue SUV duo achieved their second-highest-ever combined monthly sales of 30,119 units.
Tarun Garg, Whole-time Director & Chief Operating Officer, Hyundai Motor India, said, “October 2025 was a month driven by the festivals of Dussehra, Dhanteras and Diwali, further complimented by the positive impact of GST 2.0 reforms. This provided a significant boost to the Indian automotive industry. At Hyundai Motor India, we witnessed robust market demand and high consumer enthusiasm leading to second highest monthly sales of our formidable SUV duo – the Hyundai Creta and Venue combined, with 30,119 units sold. We expect to accelerate this momentum with the upcoming launch of all-new Hyundai Venue, which is already open for bookings.”
Tata Motors Reports Record Passenger Vehicles And Electric Vehicle Wholesales In October
- By MT Bureau
- November 01, 2025
Tata Motors Passenger Vehicles has reported wholesales of 61,295 units in total sales in October 2025, marking a 26.6 percent growth compared to 48,423 units sold a year ago. This performance delivered record-breaking monthly wholesales for the second consecutive month, driven by momentum during the festive season.
For October, the company saw sales records across key segments during the month including, 47,000 SUVs, achieving the highest-ever 77 percent share in monthly sales.
EV wholesales hit an all-time high of 9,286 units, surging 73.4 percent YoY. The Nexon SUV recorded 50 percent YoY volume growth due to the popularity of its multi-powertrain offerings.
The Harrier and Safari models achieved a new high, selling 7,000 units.
Overall domestic sales, including EVs, grew by 27 percent to 61,134 units. Monthly bookings also reached an all-time peak. The company achieved a landmark festive milestone, delivering over 100,000 vehicles between Navratri and Diwali, marking a 33 percent YoY growth.
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