Top 10 passenger car exporters in May 2017 saw Ford leading Volkswagen and General Motors with 16,761 units
India is a promise land for building cars locally and exporting them to foreign markets due to the less expenses involved in production and sourcing of components compared to some of the established nations. It could very well be the reason why FCA has chosen the Fiat’s Ranjangaon plant as the global manufacturing hub for the right-hand-drive Jeep vehicles.
Volvo has recently commenced its assembly operations at its truck division’s modified facility near Bengaluru. Almost all luxury car makers available in the domestic market have dedicated local factories to bring down the selling cost and export vehicles to other countries. When discussing about the leading automotive brands, Maruti Suzuki and Hyundai cannot be left out of the equation.
|Top 10 Passenger Car Exporters in May 2017|
|Position||Manufacturer||Number of Units|
|3||General Motors India||8,297|
|5||Maruti Suzuki India Limited||6,175|
|6||Nissan Motor India||4,311|
|7||Toyota Kirloskar Motor||1,442|
|9||Honda Cars India||498|
|10||Mahindra & Mahindra||308|
But as the competition in the export market has got tough, Hyundai was pushed down to fourth as Ford led Volkswagen and General Motors in the month of May considering the number of units shipped out of India. The American auto major exported 16,761 units last month which was more than 6,284 compared to the second-placed Volkswagen. General Motors, which announced quitting domestic sales by the end of this year and froze a billion dollar investment plan, is utilising its plant capacity for exporting vehicles in aplenty and thus registered third with 8,297 units.
Just behind the top three were Hyundai and Maruti Suzuki. The former had exported only 40 units less in comparison to General Motors while the popularity of new age products like Baleno had helped Maruti Suzuki to ship as much as 6,175 units. With Nissan at sixth recording 4,311 units, there is a big gap to the rest at the back.
In the bottom four, Toyota is putting the works at Karnataka plant and sent out 1,442 units to foreign markets in May 2017 while Nissan’s global alliance partner Renault finished eight with 1,118 units. The Japanese manufacturer Honda came home ninth with 498 units and rounding out the top ten was the largest SUV maker in the country Mahindra with just 308 units.