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.