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Speed thrill for auto exports, rise 63%

Speed thrill for auto exports, rise 63%
PTI
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First Published: Mon, Feb 09 2009. 03 01 PM IST
Updated: Mon, Feb 09 2009. 03 01 PM IST
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% 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 271,999 units compared with 166,859 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% to 21,530 units against 19,140 units in January last year. This is in contrast with a 3.23% sales dip in the country, which stood at 110,212 units compared with 113,894 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 Motor India’s, exports increased by 91.13% in the current fiscal to 214,900 units against 1,12,439 units in the corresponding period last fiscal.
However, as the global slowdown started hitting, HMIL had said 25% of its export had gone down since December. In January it had exported 21,015 units against 24,296 units in the same month last year. It had earlier spoken about lesser orders for February and March at 11,000 units and 4,000 units, respectively.
Maruti Suzuki India also pushed forward its overseas sales by 16.6% to 48,689 units from 41,756 units during the period under review, Siam said.
Honda Siel Cars India’s exports rose by 93.1% to 56 units in April-January period compared with 29 units in the corresponding period last fiscal.
Mahindra Renault has so far exported 1,360 vehicles, while Fiat India Automobiles sold 601 units in the overseas markets this fiscal, the society said.
However, the country’s largest automaker, Tata Motors, registered a decline of 43.05% in the 10-month period to 5,880 against 10,324 units in the same period last financial year.
The total passenger car sales in the domestic market, however, fell marginally to 9,74,661 units during the current financial year from 980,754 units in the corresponding period in 2007-08.
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First Published: Mon, Feb 09 2009. 03 01 PM IST