Auto Exports Grow By 16 Percent In Apr-feb
Indias automobile exports grew by 16 percent during April-February thereby generating revenue worth Rs
. 1.62 lakh crore.As per the government data, auto exports in 2009-10 was around 16.45 lakh units as against 14.16 lakh units in the year-ago period.
As per the industry analysts the exports can climb further as India is still to fully tap into the potential of small car exports from the country.
Auto exports havent achieved the full potential yet---joint industry and government action will aid accelerate the rate of growth, informed the society of Indian Automobile manufacturers director General Dilip Chenoy.
To bifurcate the segment so as to know which segment is doing well, goods carriers clocked maximum growth with 47 percent, subsequently followed by multi-purpose vehicles, three-wheelers and two-wheelers.
In the car segment, Maruti Suzuki clocked a growth rate of 128.7 percent to 1,30,713 units.
Hyundai Motor India, sold 262,124 units, while Ford India Pvt Ltd exports increased to 1,383 units from 608 units.
In the goods carrier segment, Ashok Leyland exported 3,139 units, a 44 percent increase s during April-February this fiscal from 2,180 units in the corresponding period last year.
Indian Automobile Industry
India automobile market is looking up. In fact Nissan Motors, a renowned Japanese car making company, refers to India automobile market as a global car manufacturing hub for future.
Hyundai, a major automobile establishment of South Korea, has invested large sums of money in Indian automobile market.
Other big automobile companies of world who have shown interest in India auto market include : General Motors, Skoda Auto and Mercedes-Benz.
by: Aniket Dicosta