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At the time when most of the global auto players are striving hard to regain their position, car makers in India have succeeded in expanding their presence overseas. Exports from India have registered a whopping growth rate of 57.04 per cent in the last fiscal.
At the time when global auto majors are struggling hard, car makers in India have succeeded in expanding their presence abroad. Exports from India have recorded a whopping growth rate of 57.04 per cent in the last fiscal.
According to the figures released by the Society of Indian Automobile Manufacturers (SIAM), passenger car exports from India touched 3,31,539 units in FY09 as against 2,11,112 units in the corresponding period previous year.
The country's largest exporter, Hyundai Motor India, saw a significant rise of 63 per cent in its volume of exports and stood at 2,35,345 units in comparison to 1,44,440 units in the year-ago period.
Domestic market leader Maruti Suzuki India was a distant second, registering 32.58 per cent growth in overseas sales at 68,834 units in 2008-09 as against 51,916 units in the previous fiscal.
Overall vehicle exports from India surged by 23.60 per cent at 15,30,660 units in the last financial year, while the same stood at 12,38,333 units in the previous fiscal, SIAM said.
Even in the category of two wheelers, there has been substantial growth in the volume of exports. Overall rise of 22.50 per cent rise has been registered touching 10,04,174 units as against 8,19,713 units in the previous financial year. The Financial Express
April 10, 2009
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