Just In
- 25 min ago Marelli Develops Revolutionary Automotive Lighting Platform In China
- 1 hr ago Honda Motorcycle & Scooter India Reaches 6 Crore Sales Milestone
- 2 hrs ago Kia EV9 Crowned World Car Of The Year At 2024 Awards, Showcasing EV Dominance
- 3 hrs ago Suzuki V Storm 800 DE India Launch On March 29 – All Details Here Including Specs
Don't Miss!
- Finance EPF Account Online: Quick Steps To Update KYC Details Online
- Technology HONOR Pad 9 With Bluetooth Keyboard Up For Grabs At Rs 22,499 in India
- News Good Friday 2024: Date, History, Significance, And Everything You Need To Know
- Movies Is Parineeti Chopra Pregnant? Actress Reveals Truth Amid Constant Pregnancy Rumours
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Sports IPL 2024: Steve Smith also slams Hardik Pandya's captaincy - 'Perplexed, I mean you can't have...'
- Lifestyle Aditi Rao Hydari Marries Siddharth, Exploring Heeramandi Star's Ethnic Style Statements, Bookmark Now!
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Top Car Exporters Suffer Loss Of Shares To New Entrants
The
top
car
exporters
from
India
have
suffered
a
loss
of
shares.
Because
of
various
reasons
such
as
fall
in
the
overseas
market,
rerouting
of
production
and
change
in
plans
from
headquarters
have
led
to
this
downward
growth
of
leading
car
exporters
from
India.
The top three car manufacturers, Hyundai, Maruti Suzuki and Nissan which controlled 86 percent of passenger vehicle exports from India. Have collectively seen a fall of shares by 53 percent from past three years.
Korean car maker Hyundai Motors saw a decline in exports by the end of last financial year, with a share of just 25 percent as per reports from Society of Indian Automobile Manufacturers. In a similar fashion, Nissan also saw a gradual decline in shares from last three years.
Indian leading manufacturer, Maruti Suzuki's story is no different. It has not seen a significant growth in export shares due to various internal reasons. And also fall in demand from the international market despite the introduction of new models has played its part.
Amidst all these developments, Ford has emerged as the largest passenger vehicles from India in August, surpassing. Hyundai. The other firms such as Volkswagen and General Motors also reported a strong growth in exports from the country.