Nissan Motor Co, Japan's third-largest carmaker, will buy more components from China and India after profit fell for the first time since the company's record loss in 2000.

Related readings:  Passenger car sales gain on discounts, new models  Toyota starts building 2nd Guangzhou plant  China demand boosts Japan's export growth  Nissan to chase premium market

The automaker will raise global component purchases from low-cost countries to as much as 24 percent of the total, from as much as 14 percent now, said Carlos Ghosn, Nissan's chief executive officer, in an interview in Singapore. 

Wages in Japan are about 20 times higher than those in China, according to the Japan Business Federation.

(For more biz stories, please visit Industry Updates)