Exports keep Indian carmakers' sales ticking
Tuesday, 21 October 2008
NEW DELHI, Oct 20 (PTI): Carmakers in India could be struggling to keep sales at home in high growth trajectory, but they are taking heart from the fact that exports are soaring to say the least.
During first six months of this fiscal, car exports from India soared by 55.93 per cent, while the sales in the domestic market increased by only a mere 5.39 per cent.
According to Society of Indian Automobile Manufacturers data (SIAM), the country's export stood at 1,54,787 units during April-September period compared with 99,266 units in the same period last year, led by Hyundai Motor India (HMIL), which has emerged as the numero uno exporter.
HMIL had the lion's share and single handedly drove up the export tally with 78.61 per cent jump over the same period last year.
The company exported 1,20,649 units in the last six months against 67,626 units in the year-ago period, SIAM said.
It currently ships 'Santro', 'Getz Prime', 'i10' and 'Accent' to over 95 countries across the world. It has added 'i20', which was recently launched for the European market at Paris Auto Show, to its export basket.
The company had announced to produce 0.53 million (5.3 lakh) units this year, of which about 0.27 million (2.7 lakh) units would be exported.
Rival and the country's largest carmaker Maruti Suzuki India (MSI) also registered a healthy growth of 20.03 per cent by exporting 29,698 cars compared with 23,750 units last year.
During first six months of this fiscal, car exports from India soared by 55.93 per cent, while the sales in the domestic market increased by only a mere 5.39 per cent.
According to Society of Indian Automobile Manufacturers data (SIAM), the country's export stood at 1,54,787 units during April-September period compared with 99,266 units in the same period last year, led by Hyundai Motor India (HMIL), which has emerged as the numero uno exporter.
HMIL had the lion's share and single handedly drove up the export tally with 78.61 per cent jump over the same period last year.
The company exported 1,20,649 units in the last six months against 67,626 units in the year-ago period, SIAM said.
It currently ships 'Santro', 'Getz Prime', 'i10' and 'Accent' to over 95 countries across the world. It has added 'i20', which was recently launched for the European market at Paris Auto Show, to its export basket.
The company had announced to produce 0.53 million (5.3 lakh) units this year, of which about 0.27 million (2.7 lakh) units would be exported.
Rival and the country's largest carmaker Maruti Suzuki India (MSI) also registered a healthy growth of 20.03 per cent by exporting 29,698 cars compared with 23,750 units last year.