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Exports of passenger cars from the country increased by 41.64 per cent in May, due to robust performance by Maruti Suzuki, although domestic sales increased by a meager 2.48 per cent.
According to the data by the Society of India Automobile Manufacturers (SIAM), passenger car exports from the country stood at 29,619 units in May this fiscal as compared to 20,911 units during the corresponding period last year.
Growth in car exports has been largely driven by the country's largest car maker Maruti Suzuki India as it saw a tremendous growth of 90.69 per cent leading to sale of 9,012 units in the month compared with 4,726 units during the year-ago period, SIAM said.
The country's largest-exporter Hyundai Motor India recorded a rise of 27.77 per cent in exports during May at 20,125 units as against 15,751 units in the same month last year.
SIAM said exports of the total passenger vehicles, including utility cars, grew by 39.22 per cent in May touching 29,763 units in comparison to 21,378 units during the same period in the previous year.
Domestic passenger car sales increased by 2.48 per cent to 1,13,490 units in May from 1,10,745 units in the same month last year, it added. The Financial Express
June 8, 2009
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