Top 20 Exported vehicles from India in February 2020

While the domestic sales has been low due to negative market sentiments and BS6 transition; the OEMs have been focusing on exports to maximize capacity utilization of the plants. The Passenger Vehicle Exports saw a YoY increase of 9% in Feb’20 and the Two Wheeler Exports saw a double digit growth of 16% in Feb’20 v/s Feb’19.

Passenger Vehicle Export Statistics for Feb’20 – 

  • Ecosport was the highest exported vehicle from India in February 2020. The exports was almost flat for Ecosport in Feb’20 when compared to Feb’19. Ecosport exports alone accounted to over 15% of Passenger Vehicle exports from India!
  • The other Ford vehicle to fare in the Top 20 list was Aspire.
  • Nissan’s Sunny came second and grew a phenomenal 60% YoY. India was a big export base for Nissan / Renault – However; only 1 model each from Nissan & Renault came in the Top 20 list.
  • Vento was the highest exported model from VW’s portfolio and grew a healthy 29% YoY.
  • Chevrolet Beat’s export volume has staggered to <5k units and fell -25% YoY. General Motors decision to sell out Talegaon plant may be a primary reason for the same.
  • Kia made a strong presence in exports as well and exported over 3.5k units of Seltos in February 2020.

Two Wheeler Export Statistics for Feb’20 – 

  • Bajaj was nation’s largest Two Wheeler exporter and Boxer was the most exported marque. Boxer 100cc alone exported over 85k units and contributed to over 27% exports from the sub-continent.
  • TVS came in second with Star City (100 cc) and Star City 125 slotted itself in 3rd spot.
  • Infact; the Top 5 positions were from the products of Two Indian OEMs Bajaj & TVS.

Top 10 Exported Vehicles of January 2020

While the domestic market sales is down; we expected exports to be positively up. However; even export statistics aren’t enthusiastic and overall cars exports for January 2020 was down by over 6% YoY. In this post; we shall assess the performance for the Top 10 exported cars for the month of Jan’20. The reason being; these Top 10 cars contributed near to 75% of the overall cars exports! We still believe that India has still not leveraged on the export potential and considering the low capacity utilization of the OEMs; we could have done much better.

Top 10 Exported Cars for January 2020 –

  • General Motors’s Beat was the most exported car of Jan’20! While GM had entirely dedicated the Talegaon plant for Exports; it took a call to sell the overall manufacturing facility to China’s Great Wall Motors. With this GM shall completely abandon & exit Indian soil. As per recent reports; GM has also sold its Thailand facility to Great Wall Motors as well. We believe that GMs decision to leave non-profitable markets may prove to be a disadvantage in longer run.
  • Though Ford’s Ecosport stood second in terms of most exported vehicles; the export volume degrew a hefty -26% YoY! Ford has been extremely focused on exports for a very long time and the dwindling volumes are a matter of concern.
  • Verna was Hyundai’s most exported car for Jan’20. However; Hyundai’s focus seems to be in exporting Creta – Creta’s exports multiplied by almost 5 times in Jan’20 v/s Jan’19!
  • Kia played a smart game in terms of exports too! The best selling SUV of Jan’20 (in domestic market) made an impressive impact in terms of exports too. Seltos exports was just 144 units short of the sibling Creta’s exports. Kia’s capacity utilization has been exemplary and there are talks going on that Kia is already looking space for a second plant in India!
  • The remaining 4 exported models were from Maruti’s stable. And S-Presso was the most exported vehicle from Maruti Suzuki!

Cars Export Data – FY16

Top Export Models for FY16

*FY16 – April 2015 to March 2016

  • OEMs such as Ford, Volkswagen, Nissan and GM show tremendous focus on exports – Infact, their export volumes are higher than domestic sales volume!
  • But Maruti & Hyundai are not leaving this space as well – While Alto’s exports is growing strong; Baleno was the first model to be exported to mother country (Japan)!
  • And Hyundai lists in 4 models out of Top 10 exported models!