NEW DELHI :
Passenger vehicle (PV) exports increased by over 4% in the first half of the current fiscal, with Hyundai Motor India leading the segment with dispatches of over 103,000 units to various geographies like Africa and Latin America, as per the latest data by Society of Indian Automobile Manufacturers (Siam).
PV exports stood at 365,282 units in April-September period of the current fiscal, as compared with 349,951 units in the same period of 2018-19.
Car shipments saw a 5.61% increase at 286,495 units, while utility vehicle exports saw a marginal rise at 77,397 units during the April-September period, the data showed.
However, vans witnessed a 27.57% decline in exports at 1,390 units during the period under review as compared with 1,919 units in the same period in the last fiscal year.
Hyundai Motor India led the segment, followed by Ford India Pvt. Ltd and Maruti Suzuki India Ltd at second and third positions respectively.
The South Korean automaker exported 103,300 units to overseas markets during the April-September period, up 19.26% from same period last fiscal.
“Our global experience over the years helps us cater to the needs of 91 varied markets with different products," said S.S.Kim, chief executive officer and managing director of Hyundai Motor India.
The company’s models like Grand i10 and i20 are popular in Africa and Latin America, while Creta and Verna find a lot of takers in African, Latin American and Middle East countries.
Ford India’s foreign dispatches stood at 71,850 units during the April-September period, down 6.6% from the year-ago period.
On the other hand, domestic car market leader Maruti Suzuki India exported 52,603 units across global markets, down 4.09% from the same period last year.
Consumer offers on cars during the festive season have reached a peak and it will go down going forward, as keeping discounts at such high levels is unsustainable, a senior Maruti Suzuki India official said.
The company, which is offering cash discounts and extended warranties on various models, witnessed its sales jump by 18-20% last month as compared with July and August.
“We clearly tried to revive the market but we cannot have high level of promotions all the time, these are not sustainable. So, going forward there will be decline in terms of offers," Shashank Srivastava, Maruti Suzuki India executive director for marketing and sales said.
The company also expects current month to be better in terms of sales as compared with the same period last year.
“These are probably the green shoots and if we look at first week of October—which was Navratra period—then bookings and retails have been better than last year as far as Navratra period goes," Srivastava said.
General Motors India Pvt. Ltd, which has ceased selling vehicles in the domestic market, shipped out 40,096 units during the period between April and September.
Volkswagen India Pvt. Ltd exported 37,908 units in April-September period, followed by Nissan Motor India Pvt. Ltd which dispatched 33,897 units. Home grown auto major Mahindra & Mahindra Ltd exported 7,280 units, while Renault India Pvt. Ltd shipped out 6,885 units during the period.
Toyota Kirloskar Motor Pvt. Ltd dispatched 5,476 units during April-September period, while Honda Cars India Ltd exported 2,385 units to global markets.
Other notable exporting companies during the period included FCA India Automobiles Pvt. Ltd and Tata Motors Ltd.