India's Passenger Vehicle Exports Reach Record High For FY'17

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Passenger vehicle exports from India reached an all-time high at 7,58,830 units last fiscal, growing by 16.2 percent on strong sales of cars and utility vehicles.

However, two-wheeler exports were down by 5.78 percent at 23,39,273 units as against 24,82,876 units during the previous fiscal, 2015-16, as per the latest data released by Society of Indian Automobile Manufacturers (SIAM).

Last fiscal ended March 31 observed the maximum passenger vehicle exports with growth in double-digits, encouraged by highest exports of cars and utility vehicles.

The car segment led the growth of passenger vehicles (PVs) exports which stood at 6,02,341 units in 2016-17 compared to 5,32,630 units in 2015-16, up by 13.09 percent.

The utility vehicles (UV) also witnessed a growth of 29.82 percent in exports at 1,54,153 units as against to 1,18,741 units in the previous fiscal, SIAM said.

Hyundai Motor India continued to be the biggest exporter at 1,67,120 units, up 3.02 percent, while Ford stood second with 1,58,469 units.

Maruti Suzuki India's PV exports during the fiscal stood at 1,22,039 units, down 1.5 percent, while Nissan's PV exports stood at a total of 1,09,459 units, down 1.93 percent.

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