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Significant growth in auto exports in November: SIAM
IBEF: December 11, 2008
 

New Delhi: According to data released by the society of indian automobile manufacturers (SIAM), India exported a total of 1,46,337 vehicles In November 2008 compared to the 90,398 vehicles in the same month last year, registering a robust growth of 61.88 per cent.

The export growth was led by passenger vehicles, motorcycles, scooters and three wheelers.

Passenger car exports rose to touch 34,607 units compared to 15,464 units in the year-ago period.

Market leader, Maruti Suzuki India, reported a 12.28 per cent jump at 4,920 units in November against 4,382 units in the same month last year, while Mahindra Renault and Fiat India exported 610 units and 94 units respectively.

Hyundai Motor India, the country’s second largest carmaker, registered a nearly three-fold increase in its exports in November at 28,500 units, as against the 9,898 units in the corresponding month last year, according to SIAM.

Two-wheeler exports witnessed a jump of 51.16 per cent last month at 89,245 units compared with 59,041 units in the year-ago period, while motorcycle sales in the overseas markets rose to 85,549 units from 56,739 units in the corresponding month in 2007, registering a jump of 50.78 per cent, according data released by SIAM.

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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 


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