Passenger Vehicle Exports Statistics – Q1 FY19
Passenger Vehicle exports declined to 1,67,161 units in the April-June period as compared with 1,80,464 units in the same quarter of 2017-18. Apart from Hyundai, no other OEM in the Top 5 stable could post a positive growth. The biggest losers in terms of overall vehicle exports were – Toyota (1950 cars exported in Q1 FY19 vs 2,957 units in Q1 FY18); Nissan (10,235 cars exported in Q1 FY19 vs 14,361 units in Q1 FY18); Ford (35,358 cars exported in Q1 FY19 vs 48,881 units in Q1 FY18) & VW (21,388 cars exported in Q1 FY19 vs 26,576 units in Q1 FY18).
Let’s look at the Top 5 OEMs in terms of PV Exports –
Hyundai regains its Numero Uno spot and comfortably pushes Ford to 2nd Rank! Increment in exports from its new models / refresh (Verna, Elite i20 & Grand i20) has helped Hyundai gain significant growth over previous year.
Ford de-grew a hefty 28% owing to drop in exports of all models (particularly Aspire which degrew 66% & Figo degrew 27%)
Maruti slowly makes an inroad into the Top 3 (Q1 FY18 it was ranked 4th). As usual, Dzire helps Maruti gain foothold in exports as well! Maruti exported 2715 units of Dzire v/s 147 units in previous FY. Baleno emerges to be the No.1 Exported model from Maruti’s stable – An impressive 8,069 units were exported in the first 3 months of this FY.
VW slips to No.4 position in exports this year (v/s No.3 in previous Q1 FY). Vento & Polo degrew 18% & 26% respectively in terms of exports.
GM continues to make stable progress in terms of exports. It was able to produce 20,563 units for exports in Q1 FY19 – which means an average of ~6,850 units / month. This is much higher than what GM used to sell in Indian domestic market!
Top 25 Exported Models –
General Motors, which had exited the Indian market last year has overtaken Ford with the compact hatchback Beat. Chevrolet Beat now stands as the No.1 exported model from India with 20,543 units shipped in Q1 FY19, and is marginally up from Ford’s Ecosport which has been the Top Exported model since a pretty long time.
GM is currently the fifth largest car exporter from India, contributing to 11% of the country’s exports. Beat is very successful in markets like Mexico and accounts for 62% of the Latin American country’s ‘A’ segment. Apart from fully built car exports, General Motors ships about 30 containers per week of components from India. Last FY, General Motors exported about 25,000 engines from India as well.
Ford India cited that exports dipped due to the preparation of the launch of New Freestyle. We also expect model change for Figo & Aspire led to drop in exports.