The Gurgaon based Maruti Suzuki India has become the largest passenger cars
exporter from India in the first half of the current financial year, dethroning
the Chennai based Hyundai Motor India Ltd which has now been pushed to the
fourth spot behind Volkswagen and General Motors.
In the April-September period of 2017, Maruti Suzuki India (MSI) exported
57,300 units of passenger cars as against 54,008 units in the year-ago period,
up 6 per cent, according to the latest data by Society of Indian Automobile
The long-running number one exporter, Hyundai Motor India Ltd (HMIL) on the
other hand shipped 44,585 units as against 63,014 units in the year-ago period,
a decline of 29.25 per cent.
The South Korean company is now behind Volkswagen and General Motors India
in terms of export of passenger cars from India.
During the first half of the fiscal, Volkswagen India exported 50,410 units
at a growth of 16.92 per cent. It is now the second biggest exporter of
passenger cars from India behind MSI. Last year, it had exported 43,114 units
during the same period.
Interestingly, General Motors (GM) which had on May 18 this year decided to
stop selling its vehicles in India after struggling for over two decades to
make a mark, is now the third biggest exporter of passenger cars from the
country. In the first half of the current financial year, GM exported 45,222
units as against 30,613 units in the year-ago period, a growth of 47.72 per cent.
The company exports vehicles from its manufacturing plant at Talegaon in
Maharashtra. It has sold its first plant at Halol in Gujarat to MG Motor India,
an arm of China's SAIC.
Another US auto major, Ford which has manufacturing units in Chennai and Gujarat also posted impressive growth in exports of
passenger cars from India during the period. The company's overseas shipments
stood at 42,412 units as against 31,467 units in the same period last fiscal,
up 34.78 per cent making it the fifth biggest exporter from India.
Chennai based Nissan Motor India, which was the third biggest exporter last
year saw its overseas shipments during the first half of the fiscal decline by
37.11 per cent to 30,872 units from 49,091 units in the same period last
fiscal. It now occupies the sixth spot.