Japanese automaker Nissan expects its sales volume for FY 2020, ending March 31, 2021, to grow by 1pc from the existing sales forecast of 4.16mn units.
The car manufacturer has increased its revenue forecast to JPY7.94tn ($75.5bn) for year from the previous JPY7.80tn. The firm also expects its operating loss to decrease to JPY340bn from JPY470bn. Nissan aims to achieve a 2pc operating margin in FY2021.
In April-September, the company’s production tallied at 1.54mn cars, down 36.7pc over the same period last year. During the same period under comparison, sales fell by 25.6pc to 1.88mn units.
In the first half of this year starting April 1, Nissan’s revenue declined to JPY3.09tn from JPY5tn during the same period last year, while its operating loss was JPY158.8bn compared to an operating profit of JPY31.6bn in the first six months of FY2019.
($1 = JPY105.13)