Car exports grow 22% in April-August period this fiscal.

NEW DELHI: Domestic car sales may be on a downhill drive, but exports from India have risen 22.39% in April-August period this fiscal over the same period last financial year.

According to the latest data from Society of Indian Automobile Manufacturers, passenger car exports in April- August period this fiscal stood at 2,17,409 units as against 1,77,634 units in the same period last year. The growth in exports is mainly on account of newcomer Nissan clocking good volumes, while Ford India has also managed to increase its overseas shipments by over three- folds during the period. Nissan Motor India, which sells hatchback Micra mainly in Europe, exported 42,540 units during the period. In the same period previous year it had not started exports from India.

Ford India managed to increase its exports, mainly on the back of compact car Figo to 10,118 units during the April-August period against 3,168 units last fiscal. Hyundai Motor saw 1.77% increase in its exports to 1,07,572 units as against 1,05,699 units in the year-ago period. 

Source: economictimes.indiatimes.com