Passenger vehicle manufacturers exported more cars
Posted on: 23/Apr/2016 2:08:30 PM
In the fiscal year ended March 31 four passenger vehicle manufacturers exported more cars and utility vehicles than what they sold in the local market. The Indian units of four passenger vehicle manufacturers Nissan Motor, Ford Motor, Volkswagen and General Motors exported more cars and utility vehicles than what they sold in the local market.
Exports grew the fastest at General Motors, as the local unit of the American auto giant shipped more than 37,000 units from India to overseas markets from April 2015 through March 2016, a 17-fold jump from the year before. The Beat hatchback is the only model yet that GM exports from India. It sold 32,540 vehicles in India in the past fiscal year.
Unit wise, the biggest of the four is Japanese auto-maker Nissan, with about 1.12 lakh units exported.
Overall, exports of passenger vehicles from India grew 5.2 percent in the last fiscal year to 6, 53,889 units. Exports, especially for these companies, help them better utilize capacity and attain profitability even as domestic sales remain sluggish.
