Petrol Stop - Auto exports up 16% in Apr-Feb FY10; value at Rs 1.62 trillion

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Auto exports up 16% in Apr-Feb FY10; value at Rs 1.62 trillion

Wednesday, 24 March 2010

25 March 2010;dailypioneer.com:New Delhi:Led by Maruti Suzuki, Hyundai, Ford and Ashok Leyland, India’s automobile exports during April-February of this financial year grew by 16 per cent generating a revenue of Rs 1.62 lakh crore. As per the Government data, auto exports during the 11- month period in 2009-10 stood at 16.45 lakh units against 14.16 lakh units in the year-ago period. “Auto exports from India have not reached the full potential as yet...Joint industry and government action could enhance the rate of growth,” Society of Indian Automobile Manufacturers (SIAM) Director General Dilip Chenoy said. Among the different segments, goods carriers registered maximum growth (47 per cent) in exports for the period under review, followed by multi-purpose vehicles, three-wheelers and two-wheelers. In the passenger car export segment, Maruti Suzuki India clocked a growth rate of 128.7 per cent to 1,30,713 units, Hyundai Motor India clocked 262,124 units, up 13.01 per cent.