Passenger Vehicle Exports Touch Record High; Up 16 Percent in FY'17
Hyundai Motor India continued to be the largest exporter at 1,67,120 units, up 3.02 percent, while Ford came second with 1,58,469 units at a growth of 42.94 units.
Image used for representative purpose. (Photo: Reuters)
Passenger vehicle exports from India touched all-time high at 7,58,830 units last fiscal, rising 16.2 percent on robust sales of cars and utility vehicles. Two-wheeler exports were however down 5.78 percent at 23,39,273 units as against 24,82,876 units in the previous fiscal, 2015-16, according to the latest data released by Society of Indian Automobile Manufacturers (SIAM).
Last fiscal ended March 31 witnessed the maximum passenger vehicle exports with growth in double-digits, driven by highest exports of cars and utility vehicles, SIAM Deputy Director General Sugato Sen told reporters.
The previous highest export of passenger vehicles was recorded last fiscal at 6,53,053 units. Growth of passenger vehicles (PVs) exports was led by cars segment which stood at 6,02,341 units in 2016-17 as against 5,32,630 units in 2015-16, up 13.09 percent. Utility vehicles also posted a growth of 29.82 percent in exports at 1,54,153 units as compared to 1,18,741 units in the previous fiscal, SIAM said.
Hyundai Motor India continued to be the largest exporter at 1,67,120 units, up 3.02 percent, while Ford came second with 1,58,469 units at a growth of 42.94 units. Maruti Suzuki India's exports during the fiscal were at 1,22,039 units, down 1.5 percent, while Nissan shipped a total of 1,09,459 units, down 1.93 percent.
Sen further said that 2016-17 also witnessed the highest exports of commercial vehicles bettering the feat achieved in 2015-16. Total CV exports were at 1,08,271 units as against 1,03,124 units in the previous fiscal, up 4.99 percent. He said scooter exports also recorded the highest growth so far at 2,93,592 units as compared to 2,57,481 units in 2015-16, up 14.02 percent.
Motorcycle exports, however, declined in 2016-17 at 20,25,529 units as against 22,10,615 units in 2015-16, down 8.37 percent.
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