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Old 17th May 2017, 10:21   #1
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Default FY 2016-17: Car exports from India record 16% YoY growth

During the last fiscal year, automotive manufacturers in India cumulatively shipped out 7,58,830 cars to various international markets. This figure marks a year-on-year growth rate of 16%, as compared to the corresponding figure of 6,53,053 units shipped in FY 2015-16.

Hyundai continued to lead the export charts with a total of 1,67,120 units exported during the April 2016 - March 2017 period. The South-Korean manufacturer was followed by Ford, which shipped out 1,58,469 units. Maruti Suzuki ranked third on the top car exporters chart with 1,22,895 unit exports. Renault recorded a growth of 7290% and became the eighth largest exporter with 10,641 units, majorly led by the Kwid hatchback. The French carmaker had exported just 144 units in the preceding FY. Other carmakers with huge export growth were General Motors (89%) and Mahindra (80%).

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The Ford EcoSport was the most exported car in FY 2016-17 with Ford exporting 79,539 units of the compact SUV. The VW Vento took the second spot with 71,539 units, followed by the Chevrolet Beat with 70,969 units. Interestingly, despite being the leading exporter, Hyundai didnít have any model on the top 5-spots of the list of most exported cars from India.

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Source: AutoPunditz
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Old 11th October 2017, 19:59   #2
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Default Re: FY 2016-17: Car exports from India record 16% YoY growth

Top 5 Passenger Vehicle Exporters from India (April - September 2017)

Source: http://www.financialexpress.com/auto...90560/Extracts -

1. Ford India : 82,347
2. Hyundai Motor India: 70,525
3. Maruti Suzuki India: 60,063
4. Volkswagen India : 50,410
5. General Motors India : 45,222

- Surprisingly, Ford India overtook the countryís largest exporter Hyundai Motor
- General Motors might have shut shops for the India market but the company still continues to manufacture and export vehicles from its Talegaon assembly plant
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Old 11th October 2017, 21:08   #3
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Default Re: FY 2016-17: Car exports from India record 16% YoY growth

Most overseas car makers invested billions of dollars with predictions that Indian Automotive market will grow in Chinese pace in quantity & quality. When their predictions turned false, they had no option but to utilize their huge investment in India for exports in spite of all the red tape, infrastructure woes, relatively smaller supplier base, etc. Ford went a step ahead and also started exporting Indian staff to China and Thailand from their Chennai operations. A few of them were living in the same community as I was in China.

Honda & Toyota have been conservative in their investment and therefore you do not see big export numbers from them. In the near future they will probably not invest in India with exports in mind. I believe they would prefer Thailand over India in the near term for exports.

Last edited by Theyota : 11th October 2017 at 21:16. Reason: a
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