Ford, General Motors Lead The Way In India’s Growth In Car Export

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India witnessed a growth in the export of the passenger vehicles by 15.38 percent in the first half of this fiscal year.

Surprisingly US auto giants Ford and General Motors are leading the way, whereas the Korean and the Japanese manufacturers struggled to keep up with the US automakers.

According to the data provided by Society of Indian Automobile Manufacturers (SIAM), vehicle exports in the period of April to September were at 3,67,110 units.

In terms of absolute volume, Hyundai was the largest exporter with 87,499 with a growth of 2.01 percent as compared to the same period of last year.

The second highest exporter was Ford India which shipped 73,821 units with a healthy growth of 32.25 percent. The interesting fact is, Ford's exporting numbers were much higher than its domestic sales figure in India.

General Motors India saw a significant growth in this field. It clocked at massive 863.74 percent growth in passenger vehicle export with 30,647 units being shipped.

As per the reports from SIAM, German carmaker Volkswagen also exported more vehicles from India than it sold in the domestic market in the first half of this fiscal.

Whereas India's leading car manufacturer Maruti Suzuki recorded a decline in exporting figures by 7.87 percent during the first six months of 2016-17 with 60,526 units shipped from the country.

Ford India Executive Director, Marketing, Sales, and Service, Anurag Mehrotra said, "The most recent commencement of exports of Ford Figo as KA+ to Europe, from our state-of-the-art Sanand plant, showcases our continued investment and commitment."

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Story first published: Monday, October 17, 2016, 11:33 [IST]
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