Dispatch of overall passenger vehicles to foreign shores from India witnessed a degrowth of -9.9% in financial year 2019 (Apr’18-Mar’19). 6,73,630 passenger vehicles were sent off India between Apr 2018 to Mar 2019. That is lesser by 9.9 per cent compared to 7,47,826 passenger vehicle exported during FY18.
The top five passenger vehicle exporters (Ford, Hyundai, Maruti Suzuki, General Motors & Volkswagen India), contributed near to 85 per cent of the total passenger vehicle exports from India in FY19. While the top three PV exporters contributed over 64 per cent to the total exports.
Ford retained its top spot by a thin margin from Hyundai. The overall exports for Ford fell a hefty -11.3% and 1,62,801 units were exported.
Hyundai saw a healthy growth in exports of 5.3% in FY19 and was just marginally short of becoming No.1 exporter.
GM overtook VW to become the No.4 exporter in FY19! With only 1 model in exports (Beat); GM is doing a fairly good job.
VW & Nissan which were efficiently utilizing their plant capacities; seems to be offtrack as of now. Both registered a double digit degrowth of -30.5% & -15% respectively.
Modelwise Export Volumes –