News and Events

Indian auto exports in 11 months up by 16pct

Led by Maruti Suzuki, Hyundai, Ford and Ashok Leyland, India's automobile exports during April to February 2010 of this financial year grew by 16% generating revenue of INR 162000 crore.

According to government data, auto exports during the 11 month period in 2009-10 stood at 1.645 million units against 1.416 million units in the year ago period. In value terms, exports increased to INR 162000 crore in first 11 months of the financial year, up from INR 128000 crore in the corresponding period a year ago.

According to industry experts, these exports can grow further as India is yet to fully exploit the potential of small car exports from the country.

Mr Dilip Chenoy director general of Society of Indian Automobile Manufacturers said that "Auto exports from India have not reached the full potential as yet...Joint industry and government action could enhance the rate of growth.”

Among the different segments, goods carriers registered maximum growth in exports for the period under review, followed by multi-purpose vehicles, three wheelers and two wheelers.

(Source:Business Standard)