Nissan Motor Company  is referring to the Mexican auto industry as “one of its fast-growing markets”  this year. In 2010, the company produced 506,494 vehicles. In 2011, Nissan expects the production level at its Mexican plants to increase by 20 percent.
Nissan, a Japanese automaker, is now the second largest automobile distributor in Mexico, with General Motors Company  serving as the biggest automobile distributor.
Although many Japanese automakers are suffering due to the damages caused by the earthquake and tsunami in Japan on March 11, Nissan is still expecting to be profitable in the Mexican market.
Nissan’s 2011 fiscal year, which ended on March 31, 2011, reported strong numbers. The company had “more than a sevenfold increase in profit to $3.94 billion” from the previous fiscal year, according to DailyMarkets.com . Additionally, Nissan sales increased by 17 percent to $108 billion during the year.
Overall, from March 2010 to March 2011, Nissan sold 4.185 million cars in fiscal year 2011, representing a 19.1 percent increase compared to the previous fiscal year. Hopefully Nissan will continue to thrive in the Mexican auto industry.