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    7201   JP3672400003

NISSAN MOTOR CO., LTD.

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Nissan Motor : Magnite SUV Launches in Kenya

09/22/2021 | 05:06am EDT

Crown Motors Group, the official distributor of the Nissan brand in Kenya has launched its latest SUV model, The Nissan Magnite into the Kenya Market.

The sub-compact SUV will seal Nissan's commitment to the Kenyan Market in the very competitive segment of sub-compact SUVs.

The Magnite model is being launched globally year and it gathered a lot of interest and excitement because of its bold fresh styling, powerful performance and high-tech safety features.

"Kenya is one of Nissan's oldest markets, and we are proud to launch The Nissan Magnite SUV model into this market. This is a SUV like no other, from its attractive aesthetics to its powerful functionality and safety features. We are confident that Kenyans will embrace it." Maliha Sheikh, National Sales Manager for Crown Motors Group said.

In terms of its bold fresh styling, The Nissan Magnite's exterior sets itself apart thanks to a unique design that gives it a confident and agile stance while still appearing vibrant, and it has a dual tone body colour that gives it a youthful look.

The all-LED front light package includes noticeable L-shaped daytime running lights that sit below the stylish slim LED headlamps. Together with the edgy grille, featuring Nissan's new brand logo, it gives the Nissan Magnite a striking SUV presence. The SUV also boasts of electric folding mirrors and 16" Alloy Wheels.

Inside, the Nissan Magnite SUV boasts a spacious layout which includes a high seating position and wide shoulder space between the driver and front passenger. The rear passengers enjoy a spacious level of knee room usually found in larger vehicles. An 8-inch infotainment touchscreen compatible with Apple CarPlay and Android Auto give the vehicle a premium feel. The boot has a 336? of cargo space with a 60:40 rear seat split, that makes it easy to pack extra for those longer trips.

As for The Nissan Magnite's engine, it is powered by an all-new, 1.0-liter turbocharged engine that is one of the most powerful in class. Built for urban adventures and great for the Kenyan driver.

"The launch of the Nissan Magnite shows Nissan's commitment in the Kenya market and with over 60 years of presence in the market, our vehicle models speak to the Kenyan people. This is another great milestone for us and we know Kenyans are going to be excited to own The Nissan Magnite SUV," Tony Voorhout, Crown Motors Group Managing Director added.

Copyright Capital FM. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

Stocks mentioned in the article
ChangeLast1st jan.
MAGNITE, INC. -1.91% 29.86 Delayed Quote.-2.77%
NISSAN MOTOR CO., LTD. 1.27% 587.8 End-of-day quote.4.96%
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Analyst Recommendations on NISSAN MOTOR CO., LTD.
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Financials
Sales 2022 9 451 B 82 718 M 82 718 M
Net income 2022 112 B 978 M 978 M
Net Debt 2022 5 677 B 49 689 M 49 689 M
P/E ratio 2022 20,6x
Yield 2022 0,48%
Capitalization 2 300 B 20 147 M 20 131 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,76x
Nbr of Employees 131 461
Free-Float 45,7%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 587,80 JPY
Average target price 675,00 JPY
Spread / Average Target 14,8%
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Managers and Directors
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
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