Maruti Suzuki overtakes Hyundai Motors, becomes India’s leading passenger car exporter
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 per cent, 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%.
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 %. 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.
Interestingly, General Motors (GM) which had on May 18 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 …read more