labels: Economy - general
Car exports from India rise 12.49 per cent in January news
09 February 2009

Export of passenger cars from the country rose 12.49 per cent in January even as car sales within the country fell 3.23 per cent during the month. Car exports from India stood at 21,530 units in January 2009 against 19,140 units in the same month last year.

Hyundai i10 Overall automobile sales - including two-wheelers, passenger cars and commercial vehicles - within the country saw a 7.4 per cent fall in January this year, at 1,10,212 units compared with 1,13,894 units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said in a release.

Car exports from the country have risen 63.01 per cent for the 10-month period April-January 2008-09 with several global auto majors making India an export hub.

The number of passenger cars exported from the country during the 10-month period stood at 2,71,999 units against 1,66,859 units in the year-ago period, according to SIAM.

Hyundai Motor India led the export thrust, followed by Maruti Suzuki India, Mahindra Renault, Fiat India Automobiles, General Motors India and Honda Siel Cars India in that order.

Hyundai Motor India's exports increased 91.13 per cent in the current fiscal to 2,14,900 units against 1,12,439 units in the corresponding period of last fiscal.

Total vehicle sales in the country stood at 768,622 units against 830,469 units. Motorcycle sales in the country during the month was down 5.8 per cent at 452,822 units, against 480,727 units in the year-ago period. Total two-wheeler sales in January also declined by 3.9 per cent at 581,742 units compared with 605,670 units in the same month last year.

The biggest drag came from the commercial vehicles segment, which recorded 50.96 per cent drop during the month to 23,157 units, from 47,225 units in the year-ago period.


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Car exports from India rise 12.49 per cent in January