Maruti Suzuki becomes No. 1 exporter of passenger cars from India; Volkswagen, GM at 2nd and 3rd place

New Delhi: Maruti Suzuki India has become the largest passenger cars exporter from India in the first half of the ongoing fiscal, dethroning Hyundai Motor India Ltd which has now been pushed to the fourth spot behind Volkswagen and General Motors.

In the April-September period this fiscal, Maruti Suzuki India (MSI) exported 57,300 units of passenger cars as against 54,008 units in the year-ago period, up 6 percent, according to the latest data by Society of Indian Automobile Manufacturers (SIAM).

The long-running number one exporter, Hyundai Motor India Ltd (HMIL) on the other hand shipped 44,585 units as against 63,014 units in the year-ago period, a decline of 29.25 per cent.

The company is now behind Volkswagen and General Motors India in terms of export of passenger cars from India.

During the first half of the fiscal, Volkswagen India exported 50,410 units at a growth of 16.92 percent. It is now the second biggest exporter of passenger cars from India behind MSI. Last year, it had exported 43,114 units during the same period.

Brezza. Image: Overdrive

Brezza. Image: Overdrive

Interestingly, General Motors (GM) which had on 18 May this year decided to stop selling its vehicles in India after struggling for over two decades to make a mark, is now the third biggest exporter of passenger cars from the country.

In the first half of the fiscal, GM exported 45,222 units as against 30,613 units in the year-ago period, a growth of 47.72 percent.

The company exports vehicles from its manufacturing plant at Talegaon in Maharashtra. It has sold its first plant at Halol in Gujarat to MG Motor India, an arm of China's SAIC.

Another US auto major, Ford also posted impressive growth in exports of passenger cars from India during the period.

The company's overseas shipments stood at 42,412 units as against 31,467 units in the same period last fiscal, up 34.78 percent making it the fifth biggest exporter from India.

Nissan Motor India, which was the third biggest exporter last year saw its overseas shipments during the first half of the fiscal decline by 37.11 percent to 30,872 units from 49,091 units in the same period last fiscal. It now occupies the sixth spot.

Updated Date: Oct 23, 2017 10:54 AM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See