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Car exports remained flat in 2013-14
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SME Times News Bureau | 24 Apr, 2014
Car exports from India remained flat during the fiscal year 2013-14, data from the Society of Indian Automobile Manufacturers (SIAM) shows.
Car exports stood at 5,47,222 units in 2012-13, said SIAM.
Hyundai Motor India Ltd (HMIL) and Maruti Suzuki India (MSIL), two of the biggest car exporters, posted a decline in shipments, while overseas sales by Nissan Motor India, Toyota Kirloskar Motor and Volkswagen India increased.
HMIL, India's largest car exporter, recorded a 10.21 percent drop to 2,33,260 cars from 2,59,811 units in 2012-13.
Exports by MSIL, the country's largest car maker, fell 16 percent to 99,832 units from 1,18,857 units.
On the positive side, two-wheeler exports from India grew 6.52 percent to 20,83,938 units in 2013-14 from 19,56,378 units in 2012-13.
Motorcycle exports rose 6.48 percent to 19,82,755 units, while scooter shipments were up 3.15 percent to 93,931 units.
Bajaj Auto exported 13,23,173 motorcycles, an increase of 2.31 percent, while Hero MotoCorp's overseas sales declined 17.05 percent to 1,13,238 units in 2013-14.
Honda Motorcycle & Scooter India (HMSI) exported 1,11,710 units, up 7.65 percent from the previous financial year.
India Yamaha's exports stood at 1,93,129 units, up 45.8 percent.
In the scooter segment, HMSI exported 51,932 units, up 20.85 percent, while Hero MotoCorp's exports declined 28.55 percent to 17,525 units.
Chennai-based TVS Motor Company dispatched 18,693 units to foreign locations an increase of 7.62 percent.
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