Nissan Motor has decided to launch its new sports sedan named 'Z370' in India in coming fiscal as part of its strategy to provide more versions to the Indian customers.

The sources informed that the conglomerate will also introduce its small car Micra hatchback on new platform in fiscal 2010 in the Indian market.

Micra will come out with three models of petrol and diesel.

Representatives of Nissan Motor stated in a communiqué that Rs 5 lakh would be the price range of Micra.

The sources informed that Nissan has envisaged to launch nine new versions in India by fiscal 2012.

Currently, Nissan is having two variants 'Teana' and 'X-Trail' for the Indian market, priced between Rs 21 and 25 lakh.