ABOUT NISSAN PHILIPPINES, INC.
Nissan Philippines, Inc. (NPI), was founded on September 23, 2013 and is a joint venture formed by Nissan Motor Co., Ltd. (Nissan) and longtime partners Universal Motors Corporation (UMC) and Yulon Philippines Investment Co. Ltd. (Yulon). Nissan holds a 51% stake in the company while UMC and Yulon each owns 24.5% of the outstanding and issued shares.
On March 2014, NPI began operations as the sole national sales company for the Philippines unifying the Nissan brand under one umbrella. Since it began operations, NPI has become one of the fastest growing automotive companies in the Philippines, closing Fiscal Year 2015 with a 62% growth versus the previous Fiscal Year. NPI has also spearheaded the aggressive expansion of its dealership network, signing 11 new dealers in addition to the existing 28 Nissan dealerships which can be found in key cities nationwide.
NPI is led by President and Managing Director Mr. Ramesh Narasimhan. An automotive finance veteran, Mr. Narasimhan brings his years of extensive automotive experience to NPI. In his latest position as CFO of NMA, he has made a significant contribution to Nissan Australia and New Zealand.
NPI intends to reinforce its brand image and grow its share in the market by broadening its product lineup with exciting vehicles, strengthening sales and fortifying its service across the nation.
As a corporation Nissan is committed to driving growth across the ASEAN region. A key future target in its ASEAN mid-term plan is to more than triple sales across the region to 500,000 units and achieve 15% market share. Nissan believes that the Philippines is one of the key markets in the region and is an important component to achieving its goals. The establishment of NPI is an illustration of the company's commitment to the Philippines and the region.
About Nissan Motor Co., Ltd.
Nissan Motor Co., Ltd., is Japan's second-largest automotive company, its headquarters are in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with approximately 236,000 employees globally, Nissan sold more than 4.9 million vehicles and generated revenue of 9.6 trillion yen (USD 116.16 billion) in fiscal 2012.
Nissan delivers a comprehensive range of more than 60 models under the Nissan and Infiniti brands. In 2010, Nissan introduced the Nissan LEAF, and continues to lead in zero-emission mobility. The LEAF, the first mass-market, pure-electric vehicle launched globally, is now the best-selling EV in history.