NEW DELHI: Carmakers may have failed to enthuse domestic customers but the thrust of many global auto majors making India an export hub has led to a rise of 63.01 per cent in passenger car sales in the overseas markets during April-January period of the current financial year.
Exports of passenger cars during the 10-month period of the fiscal stood at 2,71,999 units compared with 1,66,859 units in the year-ago period, according to the Society of Indian Automobile Manufacturers (SIAM). For the month of January, car exports from India grew by 12.49 per cent to 21,530 units against 19,140 units in January last year. This is in contrast with a 3.23 per cent sales dip in the country, which stood at 1,10,212 units compared with 1,13,894 units in the year-ago period.
The export growth in the 10-month period is led by Hyundai Motor India, followed by others like Maruti Suzuki India, Mahindra Renault, Fiat India Automobiles, General Motors India and Honda Siel Cars India. The country's largest car exporter, Hyundai Mot or India's, exports increased by 91.13 per cent in the current fiscal to 2,14,900 units against 1,12,439 units in the corresponding period of last fiscal.
Source : Business Line