Car exports from India declined 1.66% in 2014-15, primarily due to Hyundai

damager21 · 26th April 2015, 21:49

Passenger car exports from India declined 1.66 per cent to 5,42,082 units in 2014-15 due to challenges in traditional overseas markets like Europe, Sri Lanka and Algeria.

The decline was also mainly due to the country's largest car exporter Hyundai slipping over 18 per cent in its overseas shipments during the last fiscal. Car exports stood at 5,51,218 units in 2013-14, according to data from the SIAM.

Domestic car sales in India rose by 4.99 per cent in 2014-15 after falling for two consecutive fiscals, as lower fuel prices and softening of interest rates led to reduction in the overall cost of ownership.

Hyundai recorded a 18.02 per cent drop in car exports to 1,91,221 units from 2,33,260 units in 2013-14. On the other hand, Maruti Suzuki exports during the last fiscal rose by 9.77 per cent to 1,09,593 cars compared to 99,832 units in 2013-14.

Toyota Motor's exports of passenger cars declined 35.42 per cent to 17,607 units, while Volkswagen posted nearly two-fold increase in shipments to 64,994 cars.

Hyundai's drop in exports could also be a result of higher focus on domestic market.

Source ET

GTO · 28th April 2015, 11:50

Maruti & Nissan (the other two exporters of some volume) both reported an increase in exports, as did VW.

So basically, Hyundai brought the overall numbers down

. Nothing to do with challenges overseas. Hyundai's production now focuses on India only. With more products in the pipeline (including the ix25), they're sure going to need it.

kiku007 · 28th April 2015, 12:59

Hyundai moved production of cars meant for Europe from Chennai to Turkey, Czech right?

Hopefully in 2015, Ford should be exporting quite a bit from Gujarat.

ajmat · 30th April 2015, 19:18

Quote:

Originally Posted by GTO

Maruti & Nissan (the other two exporters of some volume) both reported an increase in exports, as did VW.

Soon, Nissan exports will reduce when the Micra is replaced. However, Nissa exports a lot of parts from India

RSR · 2nd May 2015, 12:22

Car exports from India for the last two financial years, by manufacturer:

Car exports from India declined 1.66% in 2014-15, primarily due to Hyundai-image.jpg

Sources: Compiled from different press reports

MPunditz · 3rd May 2015, 18:51

The biggest gainer was Maruti in terms of export volumes and saw 20k units increment this year. It also emerged as the second biggest exporter for last FY. Also OEM's as Ford, VW, Honda & GM jumped into the export bandwagon to utilize their production capacity which otherwise is seeing dust due to weak local demand.

The complete brand-wise export figures is listed here - http://management-punditz.blogspot.i...rformance.html

26th April 2015, 21:49	#1
damager21 BHPian Join Date: Feb 2013 Location: Mumbai Posts: 776 Thanked: 2,448 Times	Car exports from India declined 1.66% in 2014-15, primarily due to Hyundai Passenger car exports from India declined 1.66 per cent to 5,42,082 units in 2014-15 due to challenges in traditional overseas markets like Europe, Sri Lanka and Algeria. The decline was also mainly due to the country's largest car exporter Hyundai slipping over 18 per cent in its overseas shipments during the last fiscal. Car exports stood at 5,51,218 units in 2013-14, according to data from the SIAM. Domestic car sales in India rose by 4.99 per cent in 2014-15 after falling for two consecutive fiscals, as lower fuel prices and softening of interest rates led to reduction in the overall cost of ownership. Hyundai recorded a 18.02 per cent drop in car exports to 1,91,221 units from 2,33,260 units in 2013-14. On the other hand, Maruti Suzuki exports during the last fiscal rose by 9.77 per cent to 1,09,593 cars compared to 99,832 units in 2013-14. Toyota Motor's exports of passenger cars declined 35.42 per cent to 17,607 units, while Volkswagen posted nearly two-fold increase in shipments to 64,994 cars. Hyundai's drop in exports could also be a result of higher focus on domestic market. Source ET
	(3) Thanks

28th April 2015, 11:50	#2
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,537 Thanked: 300,746 Times View My Garage	re: Car exports from India declined 1.66% in 2014-15, primarily due to Hyundai Maruti & Nissan (the other two exporters of some volume) both reported an increase in exports, as did VW. So basically, Hyundai brought the overall numbers down . Nothing to do with challenges overseas. Hyundai's production now focuses on India only. With more products in the pipeline (including the ix25), they're sure going to need it.
	(3) Thanks

28th April 2015, 12:59	#3
kiku007 Distinguished - BHPian Join Date: Apr 2005 Location: AU Posts: 2,322 Thanked: 7,196 Times	Re: Car exports from India declined 1.66% in 2014-15, primarily due to Hyundai Hyundai moved production of cars meant for Europe from Chennai to Turkey, Czech right? Hopefully in 2015, Ford should be exporting quite a bit from Gujarat.
	(2) Thanks

2nd May 2015, 12:22	#5
RSR Senior - BHPian Join Date: Nov 2011 Location: Chennai Posts: 1,803 Thanked: 6,579 Times	Car Exports by Manufacturer Car exports from India for the last two financial years, by manufacturer: *Sources: Compiled from different press reports Last edited by RSR : 2nd May 2015 at 12:24.*
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3rd May 2015, 18:51	#6
MPunditz Newbie Join Date: Feb 2014 Location: Bangalore Posts: 5 Thanked: 0 Times	Re: Car exports from India declined 1.66% in 2014-15, primarily due to Hyundai The biggest gainer was Maruti in terms of export volumes and saw 20k units increment this year. It also emerged as the second biggest exporter for last FY. Also OEM's as Ford, VW, Honda & GM jumped into the export bandwagon to utilize their production capacity which otherwise is seeing dust due to weak local demand. The complete brand-wise export figures is listed here - http://management-punditz.blogspot.i...rformance.html
	() Thanks