With India being an export hub due to the cost advantage and other facilities, global carmakers Nissan and Toyota are planning more exports from the country. After small car exports, these carmakers have started to export mid-size cars to other countries.
According to reports, Japanese carmaker Nissan is planning to export 50,000 India made Sunny sedans to the west. Another Japanese carmaker, Toyota will export its Etios cars to South Africa from the country. Nissan and Toyota have already been exporting Micra and Etios Liva small cars from India.
Meanwhile, other carmakers like Volkswagen, Ford and Renault are expected to start exports from the country soon. These exports help carmakers deal with the slump in domestic car sales as well as save them from costlier imports.
The cars which are set to be exported in the coming times are Renault's yet to be launched Duster, left-hand drive Volkswagen Vento and soon to be launched Ford EcoSport. A spokesperson for Volkswagen India said: "Our export of the Vento to South Africa confirms that we are able to produce high-quality cars in India at competitive costs. This also shows our potential to further extend our exports to other markets. We are looking at various opportunities in the future, also in left-hand drive markets."
Industry analysts say that around 100,000 made in India sedans and SUVs are slated for export over the next 12 months. If the depreciation of Rupee continues, the numbers are only going to increase.