Car exports from India dip 9.5% in April
This fiscal year in India the passenger car exports during the first month of the year declining by almost 9.5 per cent.Updated: May 13, 2007 12:26 IST
India's quest to become a global hub for small car manufacturing began on a wrong note this fiscal with passenger car exports during the first month of the year declining by almost 9.5 per cent.
According to figures released by Society of Indian Automobile Manufacturers (SIAM), passenger car exports from the country stood at 14,021 units compared to 15,497 units in the same month of previous fiscal.
While country's biggest carmakers, Maruti Udyog Ltd (MUL) and Hyundai Motor India Ltd (HMIL) gained exports volume, Tata Motors witnessed a dip in its overseas sales during the month.
HMIL maintained its position as the biggest car exporter from India with 11,341 units, up 4.6 per cent from the same month last year. MUL's exports during the month grew by 11.43 per cent at 1,667 units.
Tata Motors overseas sales, however, declined by 11.38 per cent in April at 1,012 units compared to 1,142 units in the same month last year.
On the two-wheelers front, motorcycles fuelled the sales growth trend in overseas market while scooter exports continued to dip during the month.
First Published: May 13, 2007 12:24 IST