Volkswagen exported 26,740 units in the first quarter of FY18; registering 20.24% growth compared to Q1 FY17
Volkswagen India beats Maruti Suzuki in terms of export in the first quarter of current financial year. The German auto giant has shipped 26,740 units and registered 20.24% growth compared to Q1 FY17. With this, the brand became the third largest car exporter in this period by contributing 14.80% of the total car export from country.
The automaker currently exports its cars to 35 different countries from India and Mexico is the largest market for it, as the American country gets more than 85% of the total VW exports. India’s biggest car manufacturer Maruti Suzuki has shipped 25,821 units in the Q1 of current fiscal compared to 25,752 units in the same period in last fiscal. With this, the Indo-Japanese automaker registered a marginal growth of 0.27%. Maruti Suzuki exports products like Alto models, Baleno to several overseas countries.
Top 10 Car Exporters in Q1 FY18:
|Ford India||48,971 units|
|Maruti Suzuki||25,821 units|
|General Motors||21,269 units|
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Ford India is currently at the top of the list of car exporters from India. The American automaker shipped 48,971 units in the first quarter of current financial year compared to 31,723 units in the corresponding period last year. With this, it registered an impressive 54.37% and a large part of that is attributed to the models like Ford EcoSport and KA+.
India’s second biggest automaker Hyundai has exported 33,158 units in the Q1 of FY18 compared to 39,781 units in same period last year. The South Korean auto manufacturer is currently the second biggest car exporter from India and it has seen the shipping figure declined by 16.65%. Renault India has registered an impressive growth of 621.77%.
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The French automaker exported 3,183 units in the first quarter of FY18 compared to 441 units in the same period in last fiscal. The company said that it wants to ramp up the export from India and the result is showing in the latest chart. Two Indian automakers, Tata Motors and Mahindra have seen their export figures dipped by 52.70% and 52.86% respectively.