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According to Japanese media reports Nissan Motor Co is considering shutting down its manufacturing operations in India. Nissan is going through a major global restructuring process like cost-cutting and operational realignment. Media reports suggest that the company is planning to close several plants worldwide as part of its new strategy. The Renault-Nissan joint plant in Oragadam Tamil Nadu manufactures Nissans only model in India the Magnite. If this plant shuts down Nissan’s presence in the Indian market will be almost negligible. Renault Group had announced plans to acquire Nissans 51% stake in Renault-Nissan Automotive India Pvt Ltd (RNAIPL). It means Renault can take complete control of the plant and bring major shifts in operations. Nissans Sales It was once a famous brand in India but later on its sales  started declining in recent times. It didn’t bring new models and fewer options compared to competitors led to low share for the company in the market. Another reason was weak presence in the EV segment reduced customer trust. Nissan had earlier announced plans to launch three new cars in India like SUV a 7-seater MPV (set for a 2025 launch) and a locally-developed electric SUV. However if the company shuts its factory in India these plans will be unsure and put Nissan’s future in the Indian market will also be at stake. Nissan is trying to reduce global costs by 500 billion yen (around Rs 28000 crore). The plan includes laying off around 20000 employees. Apart from India plants in Argentina South Africa and two facilities in Mexico are also reportedly being closed down as part of broader restructuring strategy. Nissan’s subsidiary Nissan Shatai Co. is planning to shut down two major plants in Japan Oppama and Hiratsuka which accounts for nearly 30% of its domestic production.  So far neither Nissan nor Nissan Shatai has given an official statement regarding these developments. Both companies have called the media reports as speculative.