Maruti becomes No.1 PV exporter

Mon 23 Oct 2017, 12:41:22
Maruti Suzuki India has become the largest passenger cars exporter from India in the first half of the ongoing fiscal, dethroning Hyundai Motor India, which has now been pushed to the fourth spot behind Volkswagen and General Motors.

In the April-September period this fiscal, Maruti exported 57,300 units of passenger cars, against 54,008 units in the year-ago period, up 6%, according to the latest data by Society of Indian Automobile Manufacturers (SIAM).

The long-running top exporter, Hyundai Motor India on the other hand shipped 44,585 units, against 63,014 units in the year-ago period, a decline of 29.25%.The company is now behind Volkswagen and General Motors India in terms of export of passenger cars from India.

During the first half of the fiscal, Volkswagen India exported 50,410 units at a growth of 16.92%. It is now the second biggest exporter of passenger

cars from India behind MSI. Last year, it had exported 43,114 units during the same period.

Interestingly, General Motors (GM) which had on May 18 this year decided to stop selling its vehicles in India after struggling for over two decades to make a mark, is now the third biggest exporter of passenger cars from the country. In the first half of the fiscal, GM exported 45,222 units, against 30,613 units in the year-ago period, a growth of 47.72%.

The company exports vehicles from its manufacturing plant at Talegaon in Maharashtra. It has sold its first plant at Halol in Gujarat to MG Motor India.

Ford also posted impressive growth in exports of passenger cars from India. The company’s overseas shipments stood at 42,412 units, against 31,467 units in the same period last fiscal, up 34.78%, making it the fifth biggest exporter from India.

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